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ICC – INCOTERMS ® 2020 RULES - Full Day Workshop

ICC – INCOTERMS ® 2020 RULES - Full Day Workshop

@ Edinburgh Chamber of Commerce 40 George Street EDINBURGH Midlothian EH2 2LE

13th November, 2019 09:30-16:30 Training 420.00-420.00
ICC – INCOTERMS ® 2020 RULES
 
FULL DAY: INTERNATIONAL COMMERCIAL TERMS
 
AWARENESS WORKSHOP
 
This full-day course includes case studies and workshop sessions to give a total understanding of how the Incoterms ® rules work, how they may affect business needs as well as focussing in on the changes cover by the 2020 revision. The new terms will be launched in the UK on 15th October 2019 and come into force on 1 January 2020. With our specialist training partners Strong & Herd you are assured of receiving accredited, world-class, certified training, support and practical expertise from an organisation that has been part of the ICC- UK National Incoterms® Rules Committee since 1995.
 
AGENDA:
 
- WHAT ARE INCOTERMS?

- Over 80 YEARS OF INCOTERMS USE
A short review of the history and development of Incoterms ® since their inception in 1936, why they are being revised for 2020. 
 
- WHAT THE INCOTERMS RULES DO: PRACTICE AND THEORY
− Incoterms at work - the four groups and the individual terms examined in respect of delivery, division of costs, risks and obligations etc.
− Incoterms transportation types - sea freight container factors
− Common misunderstandings examined and eliminated
− Legal responsibilities of each term & implications of misuse
− Risk – who is responsible if the goods are lost or damaged – how does this affect insurance policies
 
- THE INCOTERM ® 2020 RULES
− Clear explanation of the Incoterms ® 2020 rules
− Comparing the 2010 terms to the new set and examine the practical changes and key elements in getting it right
 
- PUTTING INCOTERMS INTO PRACTICE
− Import and Export Policy: some general advice and conclusions. What to do with the new “D” Terms.
 
- SALES - PROCUREMENT – LOGISTICS
− The different viewpoints – how to achieve harmony and come to an agreed Incoterms policy – effects on the business and how to make them visible
 
- QUESTION AND ANSWER SESSION
 
For this revision the ICC want to ensure that companies get the right standard of internationally recognised advice as they know the terms are still mis-used and mis-understood. The ICC-UK has recognised Strong & Herd’s expertise in this area, and we have been licensed by the ICC UK as an official training partner for the 2020 set.
 
All delegates will get an Incoterms ® 2020 workbook, wallchart and receive an ICC-UK accredited training certificate. The new Incoterms ® 2020 Books can be purchased on request for delegates but will not be handed out as part of the standard training pack.

If you just want an update on the 2020 Terms check out our half-day “Understanding the 2020 Changes” training course.

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