Public Program
UNDERSTANDING INCOTERMS 2020, CUSTOMS PROCESS & TRADE FINANCING INTERNATIONAL AND DOMESTIC TRADE
Course Introduction
Incoterms is the rule of delivery.
Failure to understand the various Incoterms rules created problem for buyer and seller in international or domestic trade.
Common problems faced by many buyers and sellers when conducting domestic or international trade for example;
- What will be my risk by using Incoterms that another party chosen?
- Is there any benefit to use this particular Incoterms?
- What will be my obligation and the other party obligation?
- Is this Incoterms allowing me to have better opportunity and less risk as a seller?
- Buying with an Incoterms of my choice, how do I decide which one to select?
- Am I using the right rules with the Incoterms selected?
- What will happen if I use a particular Incoterms but not the rule assigned to it?
- How can I guarantee my payment will be paid without delay?
- How do I negotiate for the best Incoterms and avoid hidden cost?
These are some of the questions many will be asking.
By attending this program, you will able to decide appropriately the safe mode of delivery and eliminate some of the misunderstanding between buyer and seller.
This program is to allow participants of the program to develop knowledge on the different type of Incoterms, understand the rules, benefit and risk.
Course objective
By the end of the training, participants will able to:-
- Understand the purpose of Incoterms in trade
- Acquired the understanding of the rules of Incoterms
- Understand the benefit and risk associated with the Incoterms learned
- Able to implement the knowledge gain to activate the right steps when dealing with such rules
- Develop ability to choose the proper Incoterms for delivery
- Understand the risk mitigation process in selling or buying
- Understand basic Letter of Credit and Documentary Collection payment method
- Understand the risk and benefit of Letter of Credit and Documentary collection
- Understand the purpose of Bank Guarantee in International Trade
Who Should Attend
Key participants which are encourage to attend this program will be those involved in procurement or purchasing, logistics, shipping, sales, warehousing, finance and top management who are keen to understand the benefit and risk of Incoterms.
Course Content
Module 1 Origin of Incoterms and Basic of Trade
Module 2 Principal, Types, Key Differences and Purpose of Incoterms
Module 3 Understanding Kastam and Good Packaging process and other documents
1. Understanding EXW, FCA, FOB and FAS Incoterms
2.Understanding CIF, CFR, CIP and CPT
3.Understanding DAP , DPU and DDP
Module 4 – Understanding Trade Financing (Letter of Credit, Bank Guarantee and Documentary collection)
Ready to enhance your skills? Secure your spot today and take the next step in your professional growth! |
- 16 & 17 JULY 2025
- WED & THU
- 9AM - 5PM
- DORSETT GRAND SUBANG HOTEL, SELANGOR / LIVE ZOOM TRAINING
By: HYBRID PUBLIC PROGRAM
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