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Introduction to Incoterms® Training Course

Institute of Export & International Trade

Summary

Price
£504 inc VAT
Study method
Online + live classes
Course format What's this?
Video
Duration
1 day · Part-time or full-time
Qualification
No formal qualification
Certificates
  • Certificate of completion - Free

Overview

The Institute of Export & International Trade is an ICC licensed training partner, authorised to provide training on ICC Incoterms®2020.

Incoterms® comprise some of the most widely used, but most misunderstood aspects within international trade; they can impact on a number of areas of a company’s operations, including sales, accounts, shipping, operations, compliance and customer service.

The latest version of Incoterms® published is known as ICC Incoterms® 2020.

Since the UK’s referendum on EU membership in 2016, there has been an increase in companies wanting to understand more about import and export processes. Even so, with this surge in interest, Incoterms® is still one area that is most widely used, yet one of the most misunderstood.

If used correctly, they can avoid uncertainty, minimise delay and facilitate smooth operations, transport and payment. If you agree to use a term without understanding the full implications for your business, it can result in unexpected costs, obligations and delays.

This one-day course will provide a comprehensive overview of the new 2020 version of the terms and the differences compared to the previous 2010 version.

The course will also enable UK businesses to be much more cost and risk aware, when negotiating new business deals whatever the future international trade environment holds for the UK post-Brexit.

Resources

  • Course Information Sheet -

Description

  • What are ICC Incoterms®2020?
  • What are the changes from the 2010 version to the new 2020 version?
  • The benefits the 2020 version offers
  • The application of ICC Incoterms®2020
  • The impact of BREXIT and the understanding of the correct application in line with any new trade and customs compliance requirements for future trade with the EU
  • Understand the features, obligations and responsibilities for each of the terms within ICC Incoterms®2020
  • Choose the most suitable Incoterm® for each mode of transport
  • Avoid pitfalls and problems from use of unsuitable terms
  • The commercial benefits in sales negotiations
  • What are the risks and responsibilities of each Incoterm®?
  • What are the buyer and seller obligations for each Incoterm®?

Who is this course for?

This course is designed for companies who export and import goods from both EU and Non-EU markets. The course is mainly designed for:

  • Sales
  • Shipping
  • Accounts
  • Purchasing/Buyers
  • Freight Forwarders
  • Goods In/Out Personnel

Questions and answers

Certificates

Certificate of completion

Digital certificate - Included

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

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