The Institute has long believed that flexible and accessible learning is vital to enhancing the UK’s export performance.
To this end, one of our most valuable courses for practical export insight, Understanding Incoterms 2010®, is now available online – and accessible 24/7 from anywhere in the world.
Developed by the International Chamber of Commerce (ICC), the Incoterms – International Commercial Terms – rules are designed to ensure that the obligations of all parties involved in international transactions are clearly understood.
Developed and maintained by experts and practitioners brought together by the ICC, they have become the standard in international business.
We recommend that all of our members who are exporting physical goods are well versed in the Incoterms 2010® regulations, as it is crucial that there is no confusion over who is responsible for delivering the goods and paying for transport. Adhering to the Incoterms® 2010 rules removes the risk of misunderstanding the obligations of each party – even when parties are based in different countries.
The course comprises 14 modules that will take you through all the elements of understanding International Commercial Terms, and how to select the correct one for your international transactions.
These global shipping terms have a major importance in exporting and importing products from around the globe. Students will learn the relevant terminology to better understand how to cover the risks and responsibilities between the buyer and seller, their obligations to each other for the shipment – along with the allocation of costs.
As this course covers all aspects of Incoterms 2010, it is relevant for those who may be new to exporting and to experienced business people who need to keep up with industry developments.
The course provides examples highlighting the benefits of using Incoterms – both from an operational and commercial point of view, providing practical insights – as well as highlighting why it is so important to understand each of these terms to ensure successful and efficient global business.
Each module will be delivered through a series of informative slides, followed by interactive questions. Once all 14 modules are successfully completed, learners will be able to print off a certificate of completion.
IOE Director General, Lesley Batchelor, said: “We have always been mindful that export is vital for the growth and prosperity of every region. Providing courses online truly brings a world of opportunities to people’s doorsteps, and enables individuals and businesses to learn at their own pace and balance learning with full time work.”
To register for Understanding Incoterms® 2010, click here.