Incoterms

Cargo handling & logistics · Administration · Classroom ·

Target Audience

• Managers, operational and administrative staff from industry and service sectors responsible for the transport of goods within their organisation.
• Any person interested in Incoterms.

Objectives

In international trade, clear agreements on every detail, of the sometimes long Supply Chain, are crucial. The Incoterms chosen for a trade agreement play an important role in this.

Incoterms (International Commercial Terms) provide an exact division of tasks and responsibilities of seller and buyer in (international) trade agreements in terms of transport, import and export documents, risk and insurance. Successful importing or exporting therefore depends to a large extent on a sound knowledge of the obligations and responsibilities regarding risks and costs of deliveries.

Determining the critical point where responsibilities pass from seller to buyer is therefore of utmost importance. If the administration and delivery of goods is flawless and each party knows its duties and responsibilities, it saves a lot of trouble, wasted time and unnecessary expenses.

Course content

• Incoterms and backgrounds
  • All modes of transport
    • EXW – Ex Works
    • FCA – Free Carrier
    • CPT – Carriage Paid To
    • CIP – Carriage and insurance paid to
    • DAT – Delivery At Terminal
    • DAP – Delivery At Place
    • DDP – Delivery Duty Paid
  • Transport over water:
    • FAS – Free Alongside Ship
    • FOB – Free On Board
    • CFR – Cost and Freight
    • CIF – Cost, Insurance and Freight
• Security-related information
• The relationship between Incoterms and payment terms
• The obligation to deliver