Incoterms ® 2020 MasterClass

Description

Welcome to this amazing course on Incoterms ® 2020.

This comprehensive Incoterms 2020 course offers a thorough understanding of international trade regulations. Starting with an introduction and a layman's explanation, delve into the main functions and categorization of Incoterms®. Learn about each Incoterm®, from EXW to DDP, exploring their features, advantages, disadvantages, cost, and risk allocations to buyers and sellers. Discover the key differences between Incoterms® 2020 and Incoterms® 2010 rules, and identify the best Incoterms® for both buyers/importers and sellers/exporters. Through practical case studies, gain valuable insights and avoid common Incoterm® mistakes. By the end, you'll be equipped with the knowledge to navigate international trade transactions effectively and efficiently.

International commercial transactions involves many steps and as you must have noticed there are risks,costs and obligations at each and every step.
Most often buyers,sellers and carriers are confused with their obligations and responsibilities.

Of Course ,Both buyer and seller would like to minimize their risks/costs and obligations.

So here comes the Incoterms, which defines what will be delivery point for a seller from where the responsibility of buyer will start. These Incoterms eliminates ambiguities or inconsistencies of country-specific sales and shipping contracts. This makes it easy for sellers and buyers to identify and manage the costs and liabilities of transporting cargo between source and delivery destinations.

Incoterms are basically used by buyers and sellers to answer the questions like:

•Which party is responsible for the shipping costs?

•Which party is responsible for the insurance costs?

•Which party is responsible for the import costs?

•Which party is responsible for customs clearance?

These rules are accepted by governments, regulatory authorities, and practitioners worldwide. As such, they are regularly incorporated into sales contracts worldwide, and a specific version of the Incoterms should always be referenced in the text of every contract.

So if you are an Exporter or Importer ,or Student of Trade Finance or preparing for any such competitive examination then this course is definitely for you.

Even if you are not from finance background you can easily grasp the concepts since i have explained the topics in such a way that no prior knowledge of finance is required to start this course.

All the topics are covered graphically which will make your learning interesting and practical.

Topic of Incoterms ® is presented in a very complex manner by most instructors, but this course will explain you all he concepts in a very simple and lucid manner.

At last we will solve a Case Study on Incoterms ® 2020 that will make your concept of Incoterms crystal clear.

By the time you finish this course you wont commit any mistake in choosing the correct Incoterm and incorporating them into your contract text.

So don’t miss this amazingly designed and well outlined course on Incoterms ® 2020.

Just Enroll now and i will meet you again inside the course.

What You Will Learn!

• Incoterms ® 2020 - Layman Explanation
• Main Functions of Incoterms ® 2020
• What the Incoterms ® 2020 Do Not Do ?
• Defined terms in Incoterms ® 2020
• Incoterms ® 2020 Categorisation
• When are Incoterms ® 2020 used?
• EXW ,FCA ,FAS ,FOB ,CFR ,CIF ,CPT ,CIP ,DDP ,DAP ,DPU Incoterms ® in Detail
• How to Incorporate Incoterms ® 2020 Rules
• Incoterm 2010 vs Incoterm ® 2020 Rules
• Which Incoterms ® 2020 are the most favorable for the Seller/Buyer
• Incoterms ®2020 Case Study
• Common Incoterm ® Usage Mistakes

Who Should Attend!

• Exporters
• Importers
• Students of Trade Finance
• CDCS Students

TAKE THIS COURSE