Start date: 20 October 2023
Cost: RRP €200 / Member : €120
Course code: IMC
Do you work in international trade but find your colleagues on the commercial team do not fully realise the implications of Incoterms?
Do you want to better understand the full 11 Incoterms and why they are important for your business?
International commercial terms, or “Incoterms”, are rules that identify when responsibility and risk transfers from seller to buyer. This includes identifying liability for completing and/or paying for Customs declarations, freight, insurance, import duty and VAT. Using Incoterms correctly avoids costly misunderstandings.
Selecting the most suitable Incoterms for a contract when exporting or importing products can be difficult. Since the commercial consequences of the terms are often misunderstood, you risk incurring excessive costs and other responsibilities, which can often be avoided. Mark your calendars for October 20th and unlock the power of real positive transformation for your business.
Here’s what you’ll gain from attending:
1. Overview of all Incoterms
2. How Incoterms define the shipping costs and responsibilities for buyer and seller
3. Why Incoterms form an important part of contract negotiations
4. How risk is distributed between buyer and seller
5. How to use the concept of Incoterms to benefit your business financially
6. The strengths and weaknesses of each rule
Who is the course for
Our half-day Master Class is for anyone working in international trade or who has been affected by changes to their supply chain due to Brexit or any other economic adjustment.
Membership to M1 Skillnet is free. To avail of membership prices, please contact Joe Lynch on 083 0278518 or Shona Kelly on 086 1762335
The International Trade Institute is a centre of education in international trade to meet a worldwide need on how to conduct trade in accordance with regulations, how to manage trade negotiations and how to encourage the business of trade. The Institute draws on the world’s best expertise and online teaching tools. It is a leading source of the highest quality learning in these fields.