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Incoterms 2010

Incoterms 2010

Duration (Days)

2

Overview

This course is designed to update participants about the new International commercial terms of 2010. Participants will understand and able to apply incoterms and able to minimise the risk.

Objectives
  • Understand the international commercial terms of 2010.

  • Understand the difference between domestic and international terms of sales.

  • Differentiate the incoterms 2000 and 2010. Implement incoterms strategically.

Course Outline
  • Incoterms

  • Rules and regulations

  • Terms of sales

  • Terms of payment

  • Term of sales for domestic shipments

  • Term of sales for international trade

  • Changes of incoterms 2010

  • 11 incoterms

  • Roles and responsibilities

  • Transfer of risk

  • Costs

  • Insurance

  • Retention of title

  • Risk of non-payment or loss

  • Incoterms rules on shipping and transport documents Harmonisation of contracts

  • Sales contract

  • Cost and loss to protect payment terms

  • Tendering and terminating of delivery

  • Security threats and avoidance

  • Preservation of cargo inherent nature

  • Ownership transfer