Course duration: Virtual half day course
The purpose of the course:
An overview of Incoterms 2020; understand how these International Commercial Terms affect an international movement of goods. If you do not know your DAP from your DPU, or get confused over FOB versus FCA - then this is the course for you. We’ll guide you through each of the Incoterms, explaining the costs involved, and whether these should be met by the Seller or the Buyer. We’ll identify the transfer of risk points for each of the 11 Incoterms, and clarify the issue of Insurance. We’ll explore the potential problems of EXW and DDP, and explore the challenges of having multiple transactions but one international movement of goods. The terms you previously used for your EU sales could bring you complications and you might want to re-examine your terms. Ex Works (EXW) or Delivered Duty Paid (DDP) have been the 'go to' terms but may not be the best fit moving forward. Using these may mean that you need to register for VAT in the foreign country.
Benefits for your organisation:
Who is this course for?
Anyone involved in the International Supply Chain; whether you are a Seller, Buyer, Freight Agent, Intermediary – understanding Incoterms is a vital requirement for a successful international movement.
By the end of the course, delegates will be able to: