Incoterms® (Training)

About The Event

Our Incoterms® Training is a dynamic four-hour session designed to enhance your understanding of international trade terms. We will cover everything from the basics of Incoterms® 2020 to their practical application in contracts, ensuring you can manage global transactions with confidence.

Why Does This Training Matter?

In the complex world of global trade, clear and standardized terms are crucial. Incoterms® provide a universally accepted set of rules, reducing ambiguity and disputes. Understanding them is essential for managing responsibilities, risks, and costs effectively across different legal systems and languages.

Training Objectives

• Gain a comprehensive understanding of Incoterms® 2020 rules and their application in global trade.
• Learn to select the appropriate Incoterms® for various transactions to enhance efficiency and reduce risks.
• Understand the duties, risks, and costs associated with buyer and seller responsibilities.
• Master the correct incorporation of Incoterms® into sales contracts to ensure legal clarity.
• Identify the key differences between the 2010 and 2020 Incoterms® and their implications.
• Explore the specific steps in a transaction where risk is transferred between parties.

Who Should Attend?

• Customs Managers: Ensure compliance and streamline customs operations with expert knowledge.
• Import and Export Professionals: Enhance your skills in managing international transactions effectively.
• Customs Agents: Stay updated on the latest regulations to better serve your clients.
• Advisors and Consultants: Provide your clients with precise, informed guidance on trade terms.
• Sales, Supply Chain, Accounting/Finance, and Shipping Professionals: This training is invaluable for enhancing understanding and efficiency in global trade operations.

What We Will Cover In This Course

1. Incoterms® 2020 Rules: Explore the 11 standard trading terms used in global trade.
2. Choosing the Right Incoterms®: Learn how to select the appropriate Incoterms® for different transactions.
3. Seller and Buyer Duties: Understand the specific responsibilities and associated risks for both parties.
4. Contract Integration: Discover how to correctly incorporate Incoterms® into sales contracts for clarity and compliance.
5. 2010 vs. 2020 Incoterms®: Examine the fundamental changes and updates from the 2010 to the 2020 rules.
6. Obligations, Risks, and Costs: Delve into the detailed obligations, risks, and costs linked to each Incoterm®.
7. Risk Transfer Points: Identify the critical moments when risk is transferred between parties.

What You Will Walk Away With

By the end of this course, you will have:

• Proficiency in Incoterms®: Apply Incoterms® effectively in compliance with ICC regulations.
• Comprehensive Knowledge: A thorough understanding of all 11 Incoterms® 2020.
• Optimised Transaction Choices: Ability to select Incoterms® that maximise profitability and minimise risk.
• Contract Mastery: Skills to correctly integrate Incoterms® into sales contracts.
• Updated Insights: Awareness of the key differences between the 2010 and 2020 Incoterms®.
• Clear Understanding: Detailed knowledge of the obligations, risks, and costs for each Incoterm®.

Trainer/Instructor

Arne Mielken, Customs & Global Trade Expert, or an experienced customs and global trade professional partner with extensive practical knowledge. To learn more about your instructor, please review his biography/CV. To review Arne's teaching style, visit our YouTube Channel.

Expected Outcomes of the Training

By the end of this training, participants will be able to:

• Utilise Incoterms® Effectively: Apply Incoterms® in compliance with ICC regulations.
• Understand Incoterms® 2020: Demonstrate thorough knowledge of all 11 Incoterms®.
• Optimise Transaction Choices: Select Incoterms® to enhance profitability and minimise risks.
• Incorporate Incoterms® Correctly: Integrate Incoterms® into sales contracts with precision.

Are the times and dates not suitable for you and your company?

Call +44 79 14 650 183 or email info@customsmanager.org to discuss your requirements.

Do you prefer in-house training?

Call +44 79 14 650 183 or email info@customsmanager.org to discuss your requirements. We are delighted to accommodate you.

Booking and Practical Details

• Course Format: Online, using Zoom (Please ensure your Zoom is updated with the latest version)
• Course Duration: 4 Hours
• Course Dates: Various, see website
• Booking: Use the online form, call +44 79 14 650 183, or email info@customsmanager.org
• Terms and Conditions: Our terms and conditions cover these; please review them before signing up.