The International Commercial Terms (ICC 2020) rulings are to be used in the contract of sale of goods effective in the year 2020. Highlights being the change of name in DAT to DPU (Deliver to place unloaded). Additional important obligations in FCA, CIP, CIF, DAP, DDP and resolutions on cyber security-related matters and insurance.
The contemporary business landscape changes has created a proliferation of additional trading risks and costs across the borderless territories. In these crucial risk gaps, proper understanding and application of Incoterms would contribute to a viable contingency plan in and out of the distribution chain. A stronger defensive resolution is in place against all contractual disputes and costly mistakes.
COURSE OBJECTIVES :
1.Understanding the provisions and resolutions of Incoterms 2020
2.Learning the contractual and operational constraints of Incoterms
3.Managing the risks and costs in the Incoterms distribution chain
COURSE HIGHLIGHTS :
- The 4D’s Roadmap of Incoterms Strategic Planning.
- The Simplified Operational Factors of the 4C’s.
- The Comparison Illustration of Incoterms 2010 and 2020
- The Appropriation and Familiarization of trade documents.