Incoterms, or international trade terms, are a series of rules established to define a commercial transaction between the exporter and the importer to control the contracts of sale of goods to offer a more reliable method or regulation. It features the simplification of the conditions that the Exporter and Importer have to meet.
In this webinar, we shall discuss the eleven individual rules that define the respective tasks, costs and risks that must be followed to identify who is responsible for paying for the transport and insurance.
The standardized terminology utilized by all businesses conducting international business is the main benefit of Incoterms. Specific terms or acronyms provide both carriers and buyers with clear rules and help to prevent misunderstandings regarding each party’s obligations and cost management.
Inviting all the Senior leaders and executives from Procurement, Sourcing, Trading, Exports, Imports, Banking, Trading companies and Documentation credit processes to attend the session.
- Current 11 INCOTERMS 2020
- Benefits of INCOTERMS
- Applications of INCOTERMS
- International advantages of INCOTERMS
- How industries benefit through INCOTERMS
- Buyer and seller obligations for some selected common Incoterm