Understanding Incoterms 2020 *Popular!*
SBI250023
Overview
Many businesses employ INCOTERMS® rules in their commercial contracts, these contracts are often negotiated by individuals who do not really understand what the INCOTERMS® rules mean and don’t know how to use them effectively. Thus, they can impact on a number of areas in a company’s operations, including sales, accounts, shipping, operations, compliance and customer service.
Understanding Incoterms helps companies understand how to use them properly and for avoiding disputes down the road. Updated latest version of Incoterms 2020 rules will help prepare business for the next century of global trade.
Event Detail
- What are they intended for
- International trade always goes well…. Not!
- What the Incoterms rules do
- What the Incoterms rules do not do
- How best to incorporate the Incoterms rules?
- Rules for the contract of sale and their relationship to other contracts
- The eleven Incoterms 2020 rules – “sea and inland waterway” and “any mode(s) of transport”: getting it right
- Order within the Incoterms 2020 rules
- Differences between Incoterms 2010 and Incoterms 2020
- Caution with variants of Incoterms rules
Programme/Agenda
Trainer Profile:
Michael Ong has more than 25 years of experience in the areas of managing export orders, import/export, shipping, logistics, distribution, warehousing, inventory control, cargo insurance and claims, negotiating freight with carriers, trader documentation, trade compliance, trade finance and supply chain management. He first started part-time teaching in 1982, delivering a course on Certificate in Practical Import and Export Documentation and Procedures. He has since conducted training for nearly 40 years and provided corporate training for companies located both locally and overseas, including Hitachi Asia, Micron Semiconductor Asia, ASM Pacific Technology Ltd. Motorola Electronics, NCS Singapore, DHL, Federal Express, Shalom International Movers Pte Ltd. REC Solar Pte Ltd. Tanaka Electronics Singapore Ltd. Mitsui Chemicals Asia Pacific, Ltd. Olympus Singapore Pte Ltd. Nissan Taiwan and P&G Indonesia. As an effectively bilingual trainer, Michael has delivered courses fluently in both English and Mandarin.
WHO SHOULD ATTEND
- Sales staff who process international sales contracts
- Finance and Banking
- Corporate legal
- Customer service
- Logistics and supply chain executives and managers, warehouse executives and managers
- Order processing executives and managers, shipping executives and managers
- Product planning executives and managers
- Import/Export executives and managers
Contact Detail
For more information on the workshop or customized/in-house training, contact Josephine Ong at:
Email: josephine.ong@sbf.org.sg
Tel: 67011135
Email: josephine.ong@sbf.org.sg
Tel: 67011135