Course Detail()

This course is also available as a Live Webinar session. To view the available dates, please click here.

Programme Objective

A good understanding of INCOTERMS 2020 that is applicable in international trade transactions. This is to avoid the possibilities of misunderstanding between Importers and Exporters, and also to avoid costly disputes when sales agreements are not properly drafted.

Programme Outline

What INCOTERMS are and are not
Purpose and scope of INCOTERMS
Do we speak the same language?
Why and when INCOTERMS are used?
What have been amended from INCOTERMS 2010?
Learn the terminology of the eleven (11) INCOTERMS
What are the important roles of INCOTERMS in international contracts of sale?
Importer’s options as to the place of shipment and/or destination.
What are the Exporter’s delivery obligations?
What are the Dos and Don’ts of INCOTERMS?
Variants of INCOTERMS Questions and Answers
INOCTERMS Quizzes
Summary/Conclusion.

Training Methodology

Handouts,
Presentation
Questions and Answers

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

Accountants and Auditors who need to understand the costs and risks involved in the import and/or export businesses. Relationship managers and staff in operations in Trade department in the banking industry who need to have an understanding of the International Trade Terms. Importers, Exporters, Sales and Purchasing managers who need to know the responsibilities, costs, and risk of the business, to enable them to negotiate a favourable term for the company.

Schedule & Fees

Testimonial

Funding

1] IBF Financial Training Scheme (FTS) – FTS Funding

Funding Period: Until 21 June 2022

This course is recognised under the Financial Training Scheme (FTS) and is eligible for FTS funding subject to all eligibility criteria being met.

In light of the economic challenges arising from COVID-19, IBF and MAS has enhanced course fee subsidies for locals attending accredited or recognised courses up to 90% under this scheme. There is a grant cap of $2000 per participant per programme.

Please refer to www.ibf.org.sg for more information.

Funding Quantum

For training programmes commencing between 1 January 2022 and 30 June 2022 (both dates inclusive):

80% funding support of direct training cost for Singapore Citizens below 40 years old and all Permanent Residents
90% funding support for all Singapore Citizens aged 40 years old and above

Eligibility Criteria

Company-sponsored individuals from:
- Singapore-based financial Institutions regulated by MAS (licensed or exempt from licensing by MAS)
- FinTech firms certified by Singapore FinTech Association
Singapore Citizens or Singapore Permanent Residents, physically based in Singapore
Successful completion of the course
Payment has to be made via corporate means (e.g. corporate cheque, corporate GIRO, corporate credit card).

If you have met the above criteria for IBF FTS Funding and wish to enrol participants, please contact cpe@isca.org.sg to register (corporate enrolment only).

2] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

To find out more on the UTAP funding and support validity period please click here.

Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

Programme Facilitator(s)