Gain a pivotal understanding of what Incoterms® are, their importance in international trade and how the latest set of rules work. Learn how to choose the relevant Incoterms® rule for your sales transactions and discover the use of the rules and how to identify the differences between older and newer terms.
The Chartered Institute of Export & International Trade is an ICC-licensed training partner, authorised to provide training on ICC Incoterms® 2020.
Incoterms are widely used but often misunderstood within international trade. They can impact several areas of a business including sales, accounts, shipping, operations, compliance and customer service.
If used correctly, they can help you to avoid uncertainty, minimise delays and facilitate smooth operations, transport and payment.
This half-day course will provide a comprehensive overview of the latest set of Incoterms® 2020 terms and how they’ve changed from the 2010 version.
The course will also enable UK businesses to be much more cost and risk aware, when negotiating new business deals.
Topics covered
- Background and history
- What Incoterms® do
- The 11 terms
- Using Incoterms®
- 2020 terms in detail
- Common mistakes
