Mastering Incoterms 2020 (ICC) In Import Export Management

The International Commercial Terms (ICC 2020) rulings are to be used in the contract of sale of goods effective in the year 2020. Highlights being the change of name in DAT to DPU (Deliver to place unloaded). Additional important obligations in FCA, CIP, CIF, DAP, DDP and resolutions on cyber security-related matters and insurance.

The contemporary business landscape changes has created a proliferation of additional trading risks and costs across the borderless territories.

In these crucial risk gaps, proper understanding and application of Incoterms would contribute to a viable contingency plan in and out of the distribution chain. A stronger defensive resolution is in place against all contractual disputes and costly mistakes.

Learning Outcomes:

• Recognise the provisions and resolutions of Incoterms 2020.
• Classify the contractual and operational constraints of Incoterms.
• Perform and manage the risks and costs in the Incoterms distribution chain.
• Know and familiarize the conflicting factors between shipping and Incoterms.
• Identify and empower Incoterms with Logistics and Negotiation competencies.