Start your career in the International Transport Trade today!
Course Duration:
Two weeks Part Time or Four days Full Time
Part time studies - where you study part time in the evenings and on weekends using our online training program.
Full time studies - when you take time off work to study full time using our online training program.
Recommended study time set aside – for Part Time Studies we would recommend that you would need to set aside 3 to 4 hours a week and for Full Time Studies 12 to 16 hours a week. The time will vary depending on the students original knowledge of the course material.
Delivery Method:
Online
Course Fee:
USD80
Course Overview:
The Incoterms 2020 Certificate Course provides a comprehensive understanding of the latest International Commercial Terms (Incoterms) issued by the International Chamber of Commerce (ICC). These globally recognised trade terms define the responsibilities of buyers and sellers in international transactions, covering aspects such as transportation, risk transfer, insurance, and customs clearance. This course equips professionals with the knowledge to apply the correct Incoterms in contracts, reducing misunderstandings and ensuring smooth international trade operations.
Who Should Attend:
This course is ideal for:
- Importers and exporters involved in international trade.
- Freight forwarders, logistics professionals, and shipping agents.
- Procurement and supply chain managers.
- Customs brokers and trade compliance officers.
- Legal and finance professionals handling international contracts.
- Anyone seeking to enhance their understanding of Incoterms 2020 and their practical application.
The Aim of This Course:
The aim of this course is to provide participants with a detailed understanding of Incoterms 2020, including their application in international trade transactions. By mastering these terms, professionals will be able to structure contracts effectively, manage risk, and optimise logistics and supply chain operations.
Learning Outcomes:
By the end of this course, participants will be able to:
- Understand the purpose and importance of Incoterms in global trade.
- Identify key changes introduced in Incoterms 2020 and their implications.
- Select the most appropriate Incoterm based on the mode of transport, contractual obligations, and risk management considerations.
- Apply Incoterms correctly in international sales contracts to ensure clarity in responsibilities between buyers and sellers.
- Differentiate between rules for any mode of transport and those specifically for sea and inland waterway transport.
- Analyse the impact of Incoterms on cost allocation, insurance requirements, and delivery obligations.
- Enhance decision-making in logistics, shipping, and supply chain management by understanding how Incoterms influence transportation and customs processes.
This course provides practical insights and real-world applications, ensuring participants can confidently use Incoterms 2020 in their professional roles.
Incoterms 2020 Certificate Course
Index
Part One
1. Introduction to Incoterms 2020
2. Terminology
3. 2020 Revisions
4. Selecting Terms
5. Rules for any Mode or Modes of Transport
• EXW Ex Works
• FCA Free Carrier
• CPT Carriage Paid To
• CIP Carriage And Insurance Paid To
Part Two
• DPU Delivered At Place Unloaded
• DAP Delivered At Place
• DDP Delivered Duty Paid
6. Rules for Sea and Inland Waterway Transport
• FAS Free Alongside Ship
• FOB Free On Board
• CFR Cost And Freight
• CIF Cost, Insurance and Freight
Part Three
Practical Exercises
Part Four
Past exam Papers
