INCOTERMS® (International Commercial Terms) rules, published by the International Chamber of Commerce (ICC), define the responsibilities of buyers and sellers regarding the packing, transportation, and insurance of goods. These rules are invaluable for managing costs and liability associated with exporting, importing, and shipping, and they help prevent disputes by clearly outlining each party's responsibilities.
Understanding INCOTERMS® is crucial for businesses engaged in international trade. As global transactions increase, clarity and protection for both parties become vital. Our "INCOTERMS® Overview" course is designed to provide you with the knowledge and skills to navigate these important rules, ensuring smooth and secure international transactions. By mastering these terms, you can protect your interests, streamline your processes, and enhance your international trade strategy.
Join us to gain a comprehensive understanding of INCOTERMS® and elevate your international trade operations.
Key Learning objectives:
- Understanding INCOTERMS®: Learn what INCOTERMS® are and why they are important.
- Benefits for Both Parties: Discover the advantages of using INCOTERMS® for buyers and sellers.
- Risk and Responsibility: Understand the distribution of risk and responsibility between buyer and seller.
- Obligations: Learn about the specific obligations of both parties.
- Detailed Term Explanation: Explore each INCOTERM® with a breakdown of its pros and cons.
- Commercial Implications: Understand the commercial impacts of using INCOTERMS®.
- Customs Declarations: Learn how INCOTERMS® affect customs declarations.
- Mode of Transport: Discover the correct application of terms based on the mode of transport.
- Avoiding Issues: Identify common issues that can be avoided by properly using INCOTERMS®.
- INCOTERMS® 2020: Get up to date with the latest INCOTERMS® version.
Accredited by the British Chambers of Commerce, this course also provides one credit towards the Foundation Award in International Trade. To receive the nationally recognised Foundation Award, you need to achieve six credits in total. Training notes will be provided to support your learning experience.
Who is this suitable for?
This course is suitable for all levels and all departments involved with the international sales, supply chain, accounts/ finance, customs and shipping of products.
For more details on any of the above please email international@gmchamber.co.uk.
Our Trainer: Jeff Lewis MBA BSc MIEx
Jeff Lewis has worked at all levels of business across a wide range of industries within the UK and International Sales arena. In 2009, Jeff became Managing Director of Resultz Ltd., who are Approved International Trainers and Advisors to the Institute of Export, Greater Manchester Chambers of Commerce, plus other independent training organisations delivering public and in-house courses on all aspects of international trade.
Payment Terms
Please note payment must be made in full before the course.
Please note that GMCC does not accept payment via American Express.
Cancellation Terms
In case you are no longer able to attend this training course, please note you must cancel your place at least 5 working days before the course. The cancellation must be in writing and sent to international@gmchamber.co.uk indicating the name of the course you are cancelling for and delegate(s) details. If a booking is not cancelled and the delegate does not attend, full event costs will still apply.
Please note: There may be photographs taken at our events that will be used for marketing purposes and on our social media channels. If you do not wish to appear in any of our marketing materials or on our social media channels, please inform a member of the Chamber team at the start of the event.
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