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Applying Incoterms 2020
A poorly chosen Incoterm can allocate costs and risks to the wrong place. Use Incoterms 2020 to clarify responsibilities and prepare sound international contracts. Develop a shared understanding with your commercial and logistics partners before shipment.
- Duration
- 1 day 7 hours
- Code
- DOUAN006FR Code
Presentation
Incoterms, or International Commercial Terms, are a set of standardised rules established by the International Chamber of Commerce (ICC). They define the responsibilities and obligations of sellers and buyers in international trade transactions. The term Incoterms derives from the expression "International Commercial Terms".
This course will give you an in-depth understanding of each term, its implications and practical applications. It is an essential step for international trade professionals to improve their skills, reduce risks and facilitate successful transactions.
Objectives
Target skills:
- Use Incoterms® 2020 in line with your international purchasing and sales strategy.
Learning objectives:
- Detail the rules associated with the new Incoterms® 2020.
- Choose the Incoterms® rule best suited to your purchasing or sales strategy, taking into account transport mode, type of goods, destination country, customs requirements, etc.
- Calculate costs and effectively manage an import and export application file in line with the choices made.
- Identify contractual pitfalls, disputes, additional costs or delays caused by incorrect use of Incoterms® rules.
Program
Introduction to the International Chamber of Commerce's Incoterms®
- Aspects governed by Incoterms® rules.
- Features that are not specified.
Master the new rules in the 2020 version
- What is new in the 2020 version compared with the 2010 version.
- Changes in international trade and transport.
- Multimodal Incoterms®.
- Maritime Incoterms®.
Select the right Incoterms® rule for your purchasing or sales strategy
- Incoterms® according to their impact on contractual and commercial aspects.
- Incoterms® according to their impact on the logistics chain.
- Incoterms® according to their impact on international payments.
- Incoterms® according to their impact on transport insurance.
- Incoterms® according to their impact on international documentation.
- Incoterms® according to their impact on customs, tax and regulatory obligations.
Apply these choices and the associated rules
- The Incoterms® rule chosen for exports.
- The Incoterms® rule chosen for imports.
Anticipate the risks caused by incorrect use of Incoterms®
- Practical implementation.
Audience
This course is intended for:
- any professional responsible for international sales or purchasing operations.
Prerequisites
This course has no prerequisites.
Teaching and assessment methods
- Initial skills assessment
- Training materials provided to participants
- Continuous assessment throughout the course
- End-of-course feedback questionnaire
- Combination of theory and practical application
- Attendance records
- Post-course follow-up evaluation
- Quiz / multiple-choice questions
Course highlights
Comprehensive theoretical lessons accompanied by assessments and exchanges of experience.
Dates and sessions
Choose the date and delivery format that suit you.
No upcoming sessions are currently available.
Incoterms® and the Incoterms® 2020 logo are trademarks of the International Chamber of Commerce (ICC).