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Incoterms 2020 Update

Incoterms 2020 Update

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

30th September, 2019 13:30-16:30 Training 320.00-320.00
ICC – INCOTERMS ® 2020 RULES
 
UNDERSTANDING THE 2020 CHANGES
 
Prior knowledge of the 2010 set of Incoterms ® Rules is essential if you need a session covering the Incoterms ® Rules in detail please look at the full-day course
 
This half-day presentation will concentrate on the changes made to the classification system of Incoterms® in the new 2020 set coming into force on 1 January 2020. The new terms will be launched in the UK on 15th October 2019 and though old Incoterms Rules never die (so the 2010 will still be valid in commercial contracts), it is advisable to start using the new, more up-to-date terms as soon as possible.
 
Strong & Herd is an official training partner of ICC-UK so you are assured that this course provides sensible guidance as we compare the 2010 terms to the new set and examine the practical changes and key elements in getting it right. The awareness session will include:
 
AGENDA:

- THE INCOTERM ® 2020 RULES – WHAT’S NEW?

- THE INCOTERMS 2020 GUIDE

-
Clear explanations of the new Incoterms ® rules
- What do changes within Group D actually mean?
- How does the amendments to FOB, CFR, CIF affect us?
- Information on security-related clearances for shipments
 
- PRACTICE AND THEORY: 

- Do we have to use Incoterms ® 2020?
- Common misunderstandings examined and eliminated
- Examine old contract terms – are they 2020 ready
- Legal implications of the terms and implications of misusing a term
- Using Incoterms ® rules 2020 – books, ebook and the new App
 
- 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 they 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.

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