Incoterms 2020 e-learning: theory and practical application

E-learnings are available continuously. You choose the start of your e-learning journey and follow it according to your own schedule.

Make clear agreements with your foreign customers

Starter ⬤⬤ / more info

Are you directly involved in the import or export of goods within or outside the EU? Then you know that there are many obligations involved, and clear agreements with your foreign customers and suppliers are necessary.

Incoterms have been established to limit any lack of clarity as much as possible. Incoterms stand for ‘International Commercial Terms’ or international delivery conditions. They describe all the tasks, risks, and costs involved in the transaction of goods worldwide.

This comprehensive training course combines both the theoretical knowledge and practical applications of Incoterms 2020, designed to provide you with a complete understanding of how to use Incoterms effectively in your international transactions.

What you will learn

• The obligations of the seller and the buyer
• Who is responsible for insurances, permits, and other formalities
• Who is responsible for organizing transport
• At which critical point in the chain responsibilities, costs, and risks pass from seller to buyer
• What the most commonly used Incoterms are in e-commerce
• What Incoterms do not regulate
• How to calculate costs for the buyer and seller and assign various types of costs
• The division of risks: who bears which risks as the buyer or seller
• The roles of the forwarder and logistics service provider in the supply chain
• How to handle misunderstandings and common pitfalls when using certain Incoterms

Target audience

• Managers and employees in export, transport, logistics, purchasing, and sales departments, forwarders, declarants, accounting staff, etc.
• Newcomers to the port and logistics sector
• Employees from HR, temporary employment, banking, education, IT, government personnel, etc., with port and logistics-related tasks
• Anyone who aspires to a career in the port sector

Required knowledge

No prior knowledge required. Familiarity with transport documents is a plus.