International Trade Pathway - Introduction to Incoterms

St Andrews Management Centre Ltd
14 St Catherine Street
KY15 4HH
United Kingdom
18th June 2024 | 09:30-12:30
Fife International
25 Places Remaining
Members: Free | Non Members: Free
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Introduction to Incoterms® 2020

The Incoterms® 2020 rules define the responsibilities of buyers and sellers trading in both international and domestic markets. Reference to an Incoterms® 2020 rule in a sale contract clearly defines the parties’ respective obligations and reduces the risk of legal complications. It’s imperative that all employees within an internationally trading company have a clear understanding of using and applying the Incoterms® 2020 rules to suit their business needs.

The initial quotation is the starting point and the chosen Incoterms® rule needs to be appropriate to the goods, to the means of transport and above all dependent on additional obligations.

This interactive online half-day workshop combines theory and practice.

We use company examples to illustrate how the techniques presented have been applied in real case studies.

Topics covered:

  • What are Incoterms® 2020?
  • Why are they so important to exporters and importers?
  • How Incoterms ®2020 are written into quotations and contracts
  • Detailed examination of all the Incoterms®
  • The difference between risk and cost

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