IBF FTS Funding
This course is also available as a Live Webinar session. To view the available dates, please click here. Programme ObjectiveA 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.
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.
What INCOTERMS are and are notPurpose and scope of INCOTERMSDo 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) INCOTERMSWhat 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 AnswersINOCTERMS QuizzesSummary/Conclusion.Training MethodologyHandouts,PresentationQuestions and AnswersClosing Date for Registration1 week before programme or until full enrolment
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.
Handouts,PresentationQuestions and Answers
1 week before programme or until full enrolment
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.
Others = 7.00 Hours
15 Jun 2022 (9:00 AM - 5:00 PM)
For Members: $ 345.61 For Non-Members: $ 415.16
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):
Eligibility Criteria
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).
Richard Yeo Chin KeatMBA, MIEx (Grad), ACIBRichard has over 25 years of working experience in the banking industry, covering the areas of International Trade Finance, Funds Transfers (Remittances), Business Administration, Retail Banking and Risk Management. He has worked in various international banks and is actively involved in conducting in-house training and presentations.Prior to his present position as a key management staff in a listed company, he was a Senior Manager in an MNC. He was also a Deputy General Manager and Compliance Officer in an offshore bank, in charge of Trade Finance, Settlements, Remittances, Deposits, Loans Administration, Correspondent banking as well as Accounting and Regulatory Compliance.Richard is a registered Associate Trainer with the Institute of Banking and Finance (IBF), and a part-time Associate Lecturer with the Singapore Institute of Management (SIM) and also a part-time Tutor with Business and Management Education Limited, for the Manchester Business School MBA program conducted in Singapore.Richard is an Associate Member of the Chartered Institute of Bankers, a graduate member of the Institute of Exports (UK) and holds a Master of Business Administration degree, jointly awarded by the University of Manchester and the University of Wales, UK.
60 Cecil StreetISCA HouseSingapore 049709
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Do you wish to apply for SFC funding? (Singapore Citizenship Only)
19 May 2022 - 19 May 2022
20 May 2022 - 20 May 2022
