Online Training:- Mastering INCOTERMS 2020

Date: 12 October 2022 (Wednesday)

Time: 9:00am to 5:00pm

Venue: ON LINE TRAINING

Trainer: Devindran A/L Raju (View Trainer Profile)

Introduction:

International Chamber of Commerce (ICC) has launched International Commercial Terms (Incoterms) 2020, the newest edition of the renowned trade terms for the delivery of goods, providing certainty and clarity to business and traders everywhere. The new rules become effective from 1 January 2020. Incoterms are "Terms of Sale" which define the obligations, risks, and costs of the seller and buyer for delivery. They are authoritative rules for determining how costs and risks are allocated to the parties and can significantly reduce misunderstandings among traders, thereby minimize trade disputes and litigation.

Since Incoterms define the obligations of the seller and the buyer regarding delivery, transfer of risk, loading of the goods, export or import clearance, conclusion of transport contracts, Incoterms rules are an essential tool in the negotiation of international contracts. The choice of an Incoterms has a direct impact on the allocation of cost and risk.

This course will suit both beginners and those who have more than a basic understanding of Incoterms 2020.

Objectives:

1. Knowing international trade terms and their rules.

2. Understand the responsibilities of the Seller & Buyer under Incoterms.

3. Develop knowledge and skills to evaluate current Shipping Term practiced by own organization.

4. Negotiate on international contract based on risk and cost of Shipping.

5. Understand the difference: Incoterms 2010 vs Incoterms 2020.

Program Content:

Module 1: International Trade Support

1.1 Sales Contract

1.2 Cargo Insurance

1.3 Risk Transfer Points

Module 2: Incoterms 2020 Overview

2.1 Introduction to Incoterms 2020

2.2 Purpose & Scope of Incoterms

2.3 The importance of Incoterms

Module 3: Incoterms 2020 Details

3.1 EXW, FCA, CPT, CIP, DPU, DAP, DDP

3.2 FAS, FOB, CFR & CIF

3.3 The difference: Incoterms 2010 vs Incoterms 2020

Module 4: Incoterms Practises & Decisions

4.1 Factors to consider for choosing Incoterms

4.2 Common mistakes in using Incoterms

4.3 How to use Incoterms 2020

Module 5: Case Study & Group Discussion

Methodology:

• Virtual Lectures

• Group discussions/Case Studies

Who Must Attend:

1. Logistics, Sales, Procurement, Planning Managers

2. Logistics, Sales, Procurement, Planning Executives/Officers/Supervisors

3. Logistics, Sales, Procurement, Planning Team Leaders and Clerical staff

Investment Fees:

RM954.00 (Including 6.00% Service Tax) per participant (Standard Fee)
RM700.00 (Including 6.00% Service Tax) per participant (Early Bird Fee, register by 07 October 2022)

Group incentive: Register 3 participants from the same organization, the 4^th participant is FREE. (Buy 3 Get 1 Free)

Registration:

There are 3 methods to register for this training:

Kindly click here for online registration. Register Now.
Kindly download this registration form, and fill up all the particulars. Please fax back to +6-03-6270-9993. Click here to download Registration Form (177KB).
Call us to register. Tel: +6-03-6270-9883.

Notes:
This Training Programme is HRD Corp Claimable Course *Subject to PSMB conditions.

We Are An Approved Training Provider Under HRD Corp Claimable Course With Pembangunan Sumber Manusia Berhad (PSMB/HRD Corp)