Duration
1 day
Overview
INCOTERMS – the most vital of all abbreviations in international trade written by the International Chamber of Commerce (ICC) – are an essential element of international transactions. Incoterms rules have been a boon to international trade in goods by simplifying and clarifying whether the buyer or seller carries the risk of loss or damage to goods, when the risk passes and who will pay for the carriage and insurance of goods as well as customs clearance.
Outline
- Defining the INCOTERMS and outlining the layout of the Incoterms® 2010
- INCOTERMS: what it deals with and how it relates to:
- Shipper & Consignee
- Sales Contract
- The structure of Incoterms® 2010 and Buyers’ & Sellers’ Duties
- Case studies on INCOTERMS application on the sea/inland waterway INCOTERMS: FAS, FOB, CFR, CIF
- Identifying the various segments of the supply chain and services affecting INCOTERMS:
- Seller’s Door
- Loading and Lashing of Transport
- Route to Handover Point
- Sector from Handover to Loading Point
- Loading onto Main Carrier Vehicle or Craft or Equipment
- Case studies on INCOTERMS application on the
- Multimodal INCOTERMS: EXW, FCA, CPT, CIP, DAP, DAT, DDP
Programme scope, delivery arrangements and suitability are confirmed during enquiry.