When ICC first introduced the Incoterms ® standard commercial terms in 1936 they caused a sensation in the international business world. Representing a radically new concept in an industry regulated by local rules of law, the new terms were the first real attempt to bring coherence to a commercial and judicial system that diverged widely from one country to another. Since they were first introduced, the Incoterms ® rules have been revised about once a decade to keep up with the rapid expansion of world trade and globalization. Since the last revision in 2010, much has changed in global trade and, for UK/EU companies especially, uncertainty about future trading agreements means contract terms must be resilient and effective to minimise disruption to trade.
The purpose of ICC Incoterms® is to precisely define three aspects of international trade:
1. The allocation of logistics costs between seller and buyer
2. The transmission of risks in transporting the goods
3. The documents and customs formalities necessary for export and import operations
With this course you are assured of receiving accredited, world-class, certified training, support and practical expertise and delegates will receive an ICC-UK accredited training certificate. The course includes case studies and workshop sessions to give a total understanding of how the Incoterms ® rules work, how they may affect your business requirements as well as focusing in on the changes covered by the 2020 revision.
ICC Incoterms® are relevant for everyone dealing with sales contracts and the movement of goods including UK goods traders (export and sales managers) logistics companies, trade financiers, insurers, shippers, freight forwarders, law firms, consultants and advisors.
Programme of Topics:
2. Clear explanations of the new Incoterms ® rules
3. Transport only and the use of FOB/CIF
4. Examine old contract terms – are they 2020 ready
5. Legal implications of the terms and implications o