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About this Course
In the international sale of goods, there is a customary usage of special trade terms.
The problem with these terms is that they end up having different meaning in different countries with respect to obligation of the seller and the buyer.
In an effort to help avoid misunderstanding between the parties to these contracts as well as promote uniformity in law, the International Chamber of Commerce (ICC) has published INCOTERMS®.
Contracts for the international sale of goods should indicate the terms of sale, preferable with one of the 11 incoterms.
Remember incoterms are only applicable in contracts of international sale of goods if the parties have incorporated then into their contracts.
Sales contracts involving goods that are not shipped under negotiable marine bill of lading should also specify when (time and place) and/or how ownership passes from seller to buyer
Is it possible to conduct international transactions without all these?
Often international transactions are conducted without the benefit of an international sales contract
What happens is, the seller provides a quotation (which can be in the form of pro-forma invoice), the buyer responds to this with a purchase order
In most cases this is sufficient to end up with repeat sales between the parties who are well acquainted and have developed a basis for their dealings
The problem with this arrangement is that when problems in the form of unanticipated disputes occur, the parties get stuck. Hence the need for incoterms
What you will learn
By the end of the course the learner will be able to know
What international commercial terms are
What incoterms rules don’t do
How to you use incoterms rules
Duties of the parties involved etc
THE TERMS THAT CAN BE USED FOR ANY MODE(S) OF TRANSPORT
THE INCOTERMS THAT APPLY TO SEA AND INLAND WATERWAY TRANSPORT
Who is this course for?
Supply chain / inventory / logistics planner
Procurement / purchasing executive
Supply chain / inventory / logistics analyst
Questions and answers
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Hello ! Have will we pass the exam after completing the course? Best regards, Rustamli Mikayil
Hi Rustamli Mikayil, Thanks for your query. If you will take this courses it will help you to pass the exam. This course will give you overall information. If you need any help our Simpliv instructor " Moses Manuel " will guide you. I hope this information will help you. Best Regards, Simpliv TeamThis was helpful. Thank you for your feedback.
Hello ! What does it cost the certificate for foreign students? Thank you. Best regards, Rustamli Mikayil
Hi Mikayil, Our Simpliv course " INCOTERMS®: Transportation, Importation and Logistics Management " cost is $ 9.99 The "Official Incoterms® Certificate " cost is $399. This certificate from the ICC Academy. Regards, Simpliv TeamThis was helpful. Thank you for your feedback.
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