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Incoterms® 2020
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Please note, due to COVID-19 some course dates are being offered through a virtual classroom

Cargo ship at sea

***You may be able to claim government grant funding to cover the full cost of this training course if you can show that it would be of benefit to your business' customs function Find out more***

Overview

The Institute of Export & International Trade is an ICC licensed training partner, authorised to provide training on ICC Incoterms®2020.

Incoterms® comprise some of the most widely used, but most misunderstood aspects within international trade; they can impact on a number of areas of a company’s operations, including sales, accounts, shipping, operations, compliance and customer service.

At the beginning of 2020 we will see the introduction of the latest version of Incoterms® known as ICC Incoterms®2020.

Since the UK’s referendum in 2016 to stay or leave the EU, there has been an increase in companies wanting to understand more about import and export processes. Even so, with this surge in interest, Incoterms® is still one area that is most widely used, yet one of the most misunderstood. 

If used correctly, they can avoid uncertainty, minimise delay and facilitate smooth operations, transport and payment. If you agree to use a term without understanding the full implications for your business, can result in unexpected costs, obligations and delays.

This one day course will provide a comprehensive overview of the new 2020 version of the terms and the differences between the 2010 version. 

The course will also enable UK businesses to be much more cost and risk aware, when negotiating new business deals whatever the future international trade environment holds for the UK after BREXIT.

This course can also be delivered in-house at a location of your choice and if you can show that it would be of benefit to your customs function, you can now claim government grant funding to cover the full cost Find out more
Choosing an in-house version of one of our training courses will be more economical where several members of your staff will be attending the session. Find out more

 

Incoterms 2020 book 

Pre-order a copy of the Incoterms® 2020 book for £45 (plus p&p).

IOE&IT Members can receive a 20% discount and pay just £36 (plus p&p).

Find out more

 

Learning outcomes

  • What are ICC Incoterms®2020?
  • What are the changes from the 2010 version to the new 2020 version?
  • The benefits the 2020 version offers
  • The application of ICC Incoterms®2020
  • The impact of BREXIT and the understanding of the correct application in line with any new trade and customs compliance requirements for future trade with the EU
  • Understand the features, obligations and responsibilities for each of the terms within ICC Incoterms®2020
  • Choose the most suitable Incoterm® for each mode of transport
  • Avoid pitfalls and problems from use of unsuitable terms 
  • The commercial benefits in sales negotiations
  • What are the risks and responsibilities of each Incoterm®?
  • What are the buyer and seller obligations for each Incoterm®?
     

 

Who should attend

This course is designed for companies who export and import goods from both EU and Non-EU markets. The course is mainly designed for:

  • Sales
  • Shipping
  • Accounts
  • Purchasing/Buyers
  • Freight Forwarders
  • Goods In/Out Personnel

  

Member price - £320 + VAT*

Non-member price - £420 + VAT

*Please note that only Associate, Full and Business Members are eligible for this preferential rate.

 

Continuing Professional Development (CPD)

This course is CPD certified - 12.5 points

 

Before booking please make sure you read our training course terms and conditions. Booking a place on one of our training courses implies acceptance of these terms.

 

Dates and locations

Please note, due to COVID-19 some course dates are being offered through a virtual classroom

Start date

     End date

Location

  August  
 27/08/2020 27/08/2020 Virtual Classroom
Book Now
       
  September  
30/09/2020 30/09/2020 Virtual Classroom
Book Now
       
  October  
29/10/2020 29/10/2020 London Book Now
       
  November
 
 25/11/2020 25/11/2020 London Book Now
       
  December  
 16/12/2020 16/12/2020 London Book Now

 

 

Related courses:   
  
Intro to Exporting Letters of Credit Union Customs Code
Introduction to Exporting    Letters of Credit    Union Customs Code

 

 

To discuss our training courses:
Call +44 (0)1733 404400
Email training@export.org.uk