Although it would benefit the delegate to have sat previous International trade courses previously, it is not vital, delegates will be accepted with no previous training.It would also suit those who are looking to investigate if their current Incoterms are suitable and explore the option of using other terms.

Course content

The course will provide an overview of the changes that have taken place between the previous 2010 Incoterms to the new 2020 terms.

It will also provide a guide on the obligations and costs to the buyer and seller during a sale to include when risk passes during the transaction from seller to buyer.

Course objectives:

  • What are Incoterms?
  • The history of Incoterms
  • An explanation of the Incoterms including what they ‘do’ and ‘don’t do’
  • Understand and discuss what documentation they apply to
  • Review each 2020 Incoterm in detail
  • Understand the risks, costs, and obligations for both buyer and seller
  • The main changes from Incoterms 2010
  • To be able to correctly classify shipments to reflect the mode of transport and be appropriate for the goods

Member’s fee (BSSA or Greater Birmingham Chambers of Commerce):  £240.00 inc. VAT

Non-member’s fee: £408.00 inc. VAT

Understanding Incoterms 2020