INCOTERMS 2020 – UNDERSTAND THE OBLIGATION, RISK AND COST FOR BUYER AND SELLER

INTRODUCTION FOR INCOTERMS 2020 – UNDERSTAND THE OBLIGATION, RISK AND COST FOR BUYER AND SELLER

This 2-day program is to bring knowledge and awareness on the rules of Incoterms in term of obligation, risk and cost allocation between buyer and seller.

There are 11 incoterms to consider and select.

Both buyer and seller must understand the proper rule in order to make the correct decision on which Incoterms to use.

COURSE OBJECTIVES

By the end of the 2 day interactive session, the learning curve achieve will enable the following:-

1. UNDERSTANDING the purpose and function of Incoterms
2. UNDERSTANDING the rule of all the Incoterms
3. UNDERSTANDING the buyer and seller responsibilities for all the Incoterms
4. DEVELOP analysis plan before selecting the preferred Incoterms
5. DEVELOP knowledges on impact of selecting an inappropriate Incoterms for your operation

WHO SHOULD ATTEND

This training program is highly recommended for those involve with suppliers and other stakeholder in resolving issue.

METHODOLOGY

This training will involve the following area to enhance learning:

1. Power point presentation
2. Case studies & Brain storming session
3. Discussion on subject of learning
4. Facilitating by trainer to enhance understanding of subject matter

COURSE CONTENT

Module 1

Understanding Incoterms 2020

• Principles of Incoterms
• Evolution of Incoterms
• Incoterms limitation
• Benefits of Incoterms
• Buyer and seller obligation
• Category of Incoterms

Module 2

Incoterms Packaging Rules

• Seller responsibilities
• Buyer responsibilities
• Best Packaging practices
• Container checking and type of container

Module 3

Buyer Managed Incoterms

• EXW rule
• FOB rule
• FCA rule
• FAS rule
• Freight contract responsibilities
• Export and Import responsibilities
• Insurance
• Type of cargo
• Risk to seller and buyer
• BL contract notation
• Loading and unloading
• Port terminal charges
• Packaging risk under EXW
• Delivery and risk transfer location
• Case studies and Quiz

Module 4

Seller Managed Incoterms

• CIF rule
• CFR rule
• CIP rule
• CPT rule
• Freight contract responsibilities
• Export and Import responsibilities
• Insurance clause
• Type of cargo
• Risk to seller and buyer
• BL contract notation
• Loading and unloading
• Port terminal charges
• Packaging risk under EXW
• Delivery and risk transfer location
• Case studies and Quiz

Module 5

Door to Door Incoterms

• DAP rule
• DPU rule
• DDP rule
• Freight contract responsibilities
• Export and Import responsibilities
• Insurance clause
• Type of cargo
• Risk to seller and buyer
• BL contract notation
• Loading and unloading
• Port terminal charges
• Packaging risk under EXW
• Delivery and risk transfer location
• Case studies and Quiz