Incoterms ® 2020 MasterClass

0

Udemy Review

Location

Online(Course Link)

Dates

On Demand

Course Categories

Supply Chain Management

Certficate

Yes(Certificate of Completion)

Language

English

Course Fees

US Dollar 85 (Check Course Page for Last Price)

No. of Attendant

Unlimited

Acquired Skills/Covered Subjects

  • Incoterms ® 2020 - Layman Explanation,Main Functions of Incoterms ® 2020,What the Incoterms ® 2020 Do Not Do ?,Defined terms in Incoterms ® 2020,EXW ,FCA ,FAS ,FOB ,CFR ,CIF ,CPT ,CIP ,DDP ,DAP ,DPU Incoterms ® in Detail,How to Incorporate Incoterms ® 2020 Rules,Incoterms ®2020 Case Study,Which Incoterms ® 2020 are the most favorable for the Seller/Buyer,Common Incoterm ® Usage Mistakes
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Welcome to this course on Incoterms ® 2020.
International commercial transactions involves many steps and as you must have noticed there are risks,costs and obligations at each and every step.
Most often buyers,sellers and carriers are confused with their obligations and responsibilities.

Of Course ,Both buyer and seller would like to minimize their risks/costs and obligations.

So here comes the Incoterms, which defines what will be delivery point for a seller from where the responsibility of buyer will start. These Incoterms eliminates ambiguities or inconsistencies of country-specific sales and shipping contracts. This makes it easy for sellers and buyers to identify and manage the costs and liabilities of transporting cargo between source and delivery destinations.

Incoterms are basically used by buyers and sellers to answer the questions like:

•Which party is responsible for the shipping costs?

•Which party is responsible for the insurance costs?

•Which party is responsible for the import costs?

•Which party is responsible for customs clearance?

These rules are accepted by governments, regulatory authorities, and practitioners worldwide. As such, they are regularly incorporated into sales contracts worldwide, and a specific version of the Incoterms should always be referenced in the text of every contract.

So if you are an Exporter or Importer ,or Student of Trade Finance or preparing for any such competitive examination then this course is definitely for you.

Even if you are not from finance background you can easily grasp the concepts since i have explained the topics in such a way that no prior knowledge of finance is required to start this course.

All the topics are covered graphically which will make your learning interesting and practical.

Topic of Incoterms ® is presented in a very complex manner by most instructors, but this course will explain you all he concepts in a very simple and lucid manner.

At last we will solve a Case Study on Incoterms ® 2020 that will make your concept of Incoterms crystal clear.

Who this course is for:
  • Exporters
  • Importers
  • Students of Trade Finance
  • CDCS Students

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