The format of this course is a Live Webinar. A detailed set of instructions on the Live Webinar will be sent to you closer to date.

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.

Pre-requisites

Please take note of the following admission requirements:

• Trainings will be conducted on Zoom platform, thus video camera and microphone are compulsory
• Mandatory for video camera to be turned on throughout the course
• Display your official name (as per NRIC) in Zoom, to facilitate attendance taking
   

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.

Programme Facilitator(s)