What you'll learn
Learn what the Incoterms 2020 are and what they are used for.
Learn how different teams in a company directly and indirectly interact with Incoterms 2020
Understand why Incoterms is important for Tax & Finance
Learn how to choose the right Incoterm for your business needs
Important of aligning Incoterms on Customs documentation
Understand the challenges with cost allocation in Incoterms and how to overcome them
Understand how to start a discussion about Incoterms with suppliers and customers
Explore case studies that illustrate the importance of applying Incoterms correctly
Requirements
No prior experience is required.
Description
This course will introduce the Incoterms 2020 and take you on a learning journey that goes well beyond the fundamentals. In addition to the basics of the Incoterms, we will explore how the terms should be correctly applied and why they can affect almost the entire organization and not just a handful of teams or individuals.We will learn through crisp and concise lectures that include useful anecdotes, mini-quizzes and short case studies.After you complete this course, you will be able to engage with various stakeholders both within the organization and outside the organization on topics such as:How the Incoterms should be usedWhat the Incoterms doWhat the Incoterms do NOT doRoles, responsibilities, and liabilities between buyers & sellersAllocation of costs between buyers & sellersTransfer of risk for any shipment from the buyer to sellerCustoms value and its relevance to the IncotermsThe suitability of specific Incoterms for specific modes of transportMany other concepts that make your understanding of the Incoterms holisticThe course is designed to give you the edge you need to apply the Incoterms in real life!Topics will be broken up into bite-sized chunks that have been made easy to understand. You are free to complete the course at whatever pace is comfortable for you.With the understanding that you will gain in this course, you will be able to confidently navigate the various sources of information online and answers to any specific question you may have about Incoterms in the future.The course is delivered primarily through presentation decks with abundant diagrams used to visually represent ideas and concepts, in order to keep things interesting for the learner.
Who this course is for
Employees in companies that do importation and exportation in the course of business
Anyone interested to learn more about international trade
Anyone interested in learning to write better sales agreements and contracts especially when dealing with cross border movement

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