Practical Training on the Incoterms® 2020 Rules

The aim of this course is to outline the key changes from Incoterms® 2010 Rules to the new Incoterms® 2020 Rules from a practical and engaging perspective.

In this learning unit you will:

- Review the obligations of the buyer and seller in the international contract of sale.

- Be guided through the key changes from Incoterms® 2010 Rules to 2020.
- Understand and apply the Incoterms® 2020 Rules in international trade transactions.
- Gain insights into proper implementation of the Incoterms® 2020 Rules.

Completing this course will confer 5 CPD Credits towards internationally recognised Continuous Professional Development Requirements within organisations operating this kind of staff development methodology.

Course Outline

1. BACKGROUND TO THE INCOTERMS® RULES

1.1 Domestic and International

1.2 Background to the Incoterms® Rules

1.3 Objectives of the Incoterms® Rules

1.4 Four Groups of the Incoterms® Rules

1.5 Incorporating the Incoterms® Rules

1.6 What do they define?

2. Incoterms® 2020 Rules - main changes

2.1 Transport Modes

2.2 Extent of Obligations

2.3 Extent of Obligations - Carriers

2.4 Due Diligence

2.5 Transfer of Risk - F Terms

2.6 A Common Language

3. Incoterms Step-by-step

3.1 EX WORKS (EXW)

3.2 FREE CARRIER (FCA)

3.3 FREE ALONGSIDE SHIP (FAS)

3.4 FREE ON BOARD (FOB)

3.5 COST AND FREIGHT (CFR)

3.6 COST INSURANCE AND FREIGHT (CIF)

3.7 CARRIAGE PAID TO (CPT)

3.8 CARRIAGE AND INSURANCE PAID (CIP)

3.9 DELIVERED AT PLACE (DAP)

3.10 DELIVERED AT PLACE UNLOADED (DPU)

3.11 DELIVERED DUTY PAID (DDP)

4. How to use the Incoterms® Rules

4.1 Market Custom & Practices

4.2 Incoterms® and Competition

4.3 Export Experience

4.4 Incoterms® Rules and Title

4.5 Revenue Recognition

4.6 Common Problems

Trademark and independence notice: Incoterms® is a trademark of the International Chamber of Commerce (ICC). The Incoterms® Rules are protected by ICC copyright. This course is independently developed and published by the electronic Business School of Ireland (eBSI) and is not published, approved, endorsed, sponsored or certified by ICC. Learners should consult the official ICC publication of the Incoterms® 2020 Rules for the authoritative text.