Module 7.5
INCOTERMS® 2020 IN ENGLISH

Duration: 1 day (7 hours)

OBJECTIVES

• To understand the concept of Incoterms® within the contract of sale,
• To provide a thorough understanding of how Incoterms® are used to define buyers' and sellers' obligations, including determining what is included in the selling price and defining shipment responsibilities,
•  To give a complete overview of the 11 standard international terms

CONTENT

Incoterms – the concept

• What are Incoterms and why have Incoterms ?
• Incoterms and the contract of sale
• How to express Incoterms
• The 2020 edition's Incoterms
• Classification of Incoterms according to the mode of transport
• Incoterms and domestic transactions

Incoterms – Sphere of application

• Some historical background
• The widespread use of containerized consignments and multimodal carriage
• The use of electronic communication (EDI)
• The security-related clearances for the conveyance of goods

Incoterms in practice

• Scope of Incoterms
• Division of costs
• Transfer of risks
• Place of delivery/passing of the risks

A review of the 11 Incoterms

• EXW, FCA, CPT, CIP
• DAP, DPU, DDP
• FAS, FOB, CFR, CIF

What Incoterms do not address

• Incoterms and transfer in ownership
• Incoterms and commercial practices
• Incoterms and customs of the port

Speaker : Patrick Naggiar - Consultant

Prochaines dates

Tarifs

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