Purchase any WEBINAR and get
10% Off
CODE: SAVE10
T&C applicable, please referFAQ
Validity : 20th Apr'24 to 30th Apr'24
Incoterms 2010 ®– getting the right terms for your business
• What are INCOTERMS 2010?
• How are they used for the export sales?
• How are they used for import purchases?
• What are the terms and conditions of each INCOTERM?
• What are the benefits of one term over another?
• What are the risks of one term over another?
Overview of the webinar
The nature of International trade is such that parties to a contract may be unfamiliar with trading practices in their respective countries, which can lead to misunderstandings.
The International Chamber of Commerce recognizing the need for clarification of obligations and responsibilities of buyers and sellers in International Trade Contracts first published International Commercial Terms, or Incoterms in 1936, since then Incoterms have been reviewed on a regular basis with the current version having been updated in 2010.
Incoterms are standard trade terms that set out buyer and seller responsibilities. Each Incoterm outlines who is responsible for transport, insurance, duties and clearance.
Who should attend?
This webinar will provide valuable assistance to all companies that export or import goods and need to properly allocate the cost of freight, insurance and customs duties between the parties in the transaction.
In addition, the following sectors will also benefit:
• Freight forwarding companies that are contracted to transport goods
• Banks involved with trade finance services and the negotiation of credits
Why should you attend?
This course introduces the eleven current Incoterms, providing an easy understanding of the contractual implications of the terms that are in daily use (but often misinterpreted!). It will allow your company to choose appropriate terms to set up sound deals. It explains the critical importance of the event of delivery in a sale or purchase of goods, preparing your company successfully to resolve commonly-encountered disputes.
Whether an experienced exporter or new to the world of exporting, a working knowledge of Incoterms is therefore essential to avoid pitfalls in International Trade as failure to understand obligations and liabilities may ultimately lead to costly litigation.
Faculty - Mr.Jeff Lockhart
Jeff Lockhart is an international training consultant, specialising in Finance, Commerce and International Trade.
Jeff studied at Sheffield Business School in the United Kingdom obtaining a Post Graduate Certificate in Management (PgC) in 1992, a Diploma in Management Studies (DMS) in 1995 and a Masters Degree in Business Administration (MBA) in 1996.
Jeff is a Fellow of the Royal Society for the Arts, Manufactures and Commerce (FRSA), the Chartered Institute of Credit Management (FCICM), the Chartered Management Institute (FCMI), and the Institute of Occupational Learning (FITOL). Mr Lockhart is also a PRINCE2 certified Project Manager.
He is a highly experienced Financial Manager and Management Consultant, with extensive knowledge of finance and business management within a multi-disciplined and multi-cultural environment.
He has held several senior level positions for industry-leading international businesses and, since 2001, has operated as a consultant to businesses in the UK, Azerbaijan, Russia, Bulgaria, Kuwait, Oman, Kingdom of Saudi Arabia, United Arab Emirates, Qatar, Malaysia, China, USA, and New Zealand.