IncotermsÂ® 2010 rules training (IncotermsÂ® 2010)
Venue: ICC Hearing Centre
|Event Date/Time: Feb 16, 2012||End Date/Time: Feb 17, 2012|
|Registration Date: Feb 15, 2012|
|Early Registration Date: Jan 16, 2012|
This training programme combines theory with learning-by-doing workshops. Its aim is to provide participants with a clear and thorough understanding of the new IncotermsÂ® 2010 rules and their role within the broader context of an international sales transaction.
Starting with an overview of the changes, new provisions, and new classification, the programme moves quickly into five learning-by-doing workshops where participants will be given real life scenarios to practise incorporating and applying the correct IncotermsÂ® rule into the contract of sale.
By the end of the training, participants will be able to:
Â· describe why we need IncotermsÂ® 2010;
Â· use the IncotermsÂ® 2010 rules book with confidence in order to identify the most suitable IncotermsÂ® rule;
Â· understand the new fundamentals of each rule, such as when it should be used; when risk passes; and how costs are allocated between buyer and seller;
Â· describe the main issues to be considered by buyers, sellers and carriers as well as identify the relevant transport documents in order to secure a successful sales transaction;
Â· describe what an IncotermÂ® rule does and doesnâ€™t do in order to avoid dangerous mis-matches with the outlying contracts of transport, insurance and the letter of credit;
Â· help ensure that payment in cash/against documents happens as smoothly as possible by knowing how to avoid unwelcome documentary discrepancies.
A certificate of completion will be awarded to all participants at the end of the 2 days.
Who should attend?
This 2-day training programme will be of interest to all those involved in an international trade supply chain, whether they be: contract negotiators or traders;
execution operatives in export companies and houses; logistics operatives with transport or shipping companies or with freight forwarders;
trade finance officers in banks; export/import consultants and advisors; professionals working in finance and risk departments;
in-house cargo insurance specialists with insurance companies; lawyers advising any of the above.
â€˜Incotermsâ€™ is a registered trademark of the International Chamber of Commerce, registered in several countries.