You may know the definitions of INCOTERMS 2010, but do you know what has changed with INCOTERMS 2020 and how to apply them? Many programs present the definitions of INCOTERMS but only provide a few select ways to apply them.
This session, facilitated by Team Worldwide's Bob Imbriani, will provide not only an understanding of the definitions but includes actual examples of how a seller or buyer can use them to their advantage in purchase orders, sales agreements and even letters of credit. It will include information on how they should be viewed by a freight forwarder and how they relate to operations and sales.
-- Do you know which term a seller should use if there is an export license or letter of credit?
-- Why a buyer should select certain terms based on the origin of the goods or other considerations?
-- How and when is it best to use the various terms?
This program will give you the answers. Not using the best term in the proper context can be costly. Don’t realize your mistake when it is too late!
-- Background of INCOTERMS
-- Relationship between INCOTERMS and payment terms
-- What has changed?
-- Can you still use INCOTERMS 2010?
-- Responsibilities if each term
-- Application of the various terms in international transactions
-- And much more!
Who should attend?
-- International trade professionals
-- Freight forwarder operations personnel
-- Purchasing agents
-- Sales and contracts teams
-- Logistics/transportation professionals
-- Finance personnel