Incoterms 2020 A Compact Course
What you’ll learn
Understanding Pros and Cons in choosing an Incoterm in a trade contract
Visualize the flow of costs, risks and responsibilities in Incoterms 2020
How to practically apply Incoterms 2020
Understanding differences between Incoterms 2010 and Incoterms 2020
Requirements
No Prerequisites
Description
Incoterms ® 2020 is the backbone of contracts in import-export businesses and international trade. If an incoterm is chosen without understanding its practical applicability and pros and cons, then it can very well cost you dearly at a later stage of the trade. This course covers-Understanding the NomenclatureUnderstanding the difference between Place of Delivery, Destination, and Final Destination of GoodsRules for all modes of transportMaritime RulesClustering of Incoterms according to responsibilityVarying definitions of ‘Delivery’ in different IncotermsMaritime Rules and Container Shipments – Why is it such a big No?Caution Using EXWFCA and On Board Bill of Lading – Is it really a solution?Transport Documents – Responsibilities in Different Incoterms ® in a NutshellExport/Import Clearance – In a NutshellAllocation of Costs – In a NutshellAnalysis of the D Rules – How choosing the D rules can affect youUnderstanding the Compatibility – Letter of Credit and Incoterm Rules 2020Possible Checkpoints and Key Learnings for Incoterm Rules 2020Differences between Incoterms ® Rules 2010 and Incoterms ® Rules 2020Case StudiesThis course is meant for -Importers and Exporters – Signing contracts without understanding Incoterms can be catastrophicBankers handling trade documents – Know the risk your bank bears while handling trade documents with a chosen incoterm and be better equipped to make decisions and advice customersAnyone in the Logistics and Transportation Industry – You are the one who materializes the actual steps of a chosen incoterm in a trade contractThis course is comprehensive. By comprehensive what I mean is this course not only covers the basic cost and risk bifurcation between buyers and sellers but includes a thorough analysis of the practical applicability and hindrances faced in using each incoterm.The course is carefully curated to include learnings from the masters of logistics, trade, and banking industries, their best advice and do’s and don’ts.Starting from the basic understanding of the incoterm rules nomenclature to a detailed analysis of the consequences of using DAP incoterm for LCL cargo, this course covers everything from beginner to intermediate to advanced learnings.And each and every term or concept used in this course has been explained from scratch, so even if you are a beginner learning Incoterm Rules you will be completely at ease with the pace of this course.Also, this course uses engaging visual animations to explain each concept in a way the learnings remain etched in your memory.This is not just a theoretical dictation of the incoterm rules chart but a practical guide and is meant for the exporters, importers, anyone in the logistics industry, and for bankers handling trade documents.
Overview
Section 1: Introduction and Preliminary Concepts of Incoterms
Lecture 1 Why this course?
Lecture 2 Introduction to Incoterms ® 2020
Lecture 3 Incoterms ® Rules Nomenclature
Lecture 4 Understanding Place of Delivery, Destination and Final Destination of Goods
Section 2: The Incoterms ® 2020
Lecture 5 EXW and FCA
Lecture 6 CPT and CIP
Lecture 7 The D Rules – DAP, DPU and DDP
Lecture 8 The Maritime Rules – FAS, FOB, CFR and CIF
Lecture 9 Clustering of Incoterms ® Rules 2020
Section 3: Differences between Incoterms ® Rules 2010 and Incoterms ® Rules 2020
Lecture 10 Differences between Incoterms ® Rules 2010 and Incoterms ® Rules 2020
Section 4: Analysis of Incoterms ® 2020 – Concepts that make the difference
Lecture 11 Analysis of the Delivery Concept in Different Incoterms ® Rules
Lecture 12 Maritime Rules and Container Shipments – Why is it such a big No?
Lecture 13 Caution Using EXW
Lecture 14 FCA and On Board Bill of Lading – Is it really a solution?
Section 5: Visualizing the Distributions of Responsibilities and Costs
Lecture 15 Transport Documents – Responsibilities in Different Incoterms ® in a Nutshell
Lecture 16 Export/Import Clearance – In a Nutshell
Lecture 17 Allocation of Costs – In a Nutshell
Section 6: Analysis of the D Rules
Lecture 18 Analysis of the D Rules
Section 7: Letter of Credit and Incoterms ® Rules 2020
Lecture 19 Understanding the Compatibility – Letter of Credit and Incoterm Rules 2020
Section 8: Possible Checkpoints and Key Learnings for Incoterms ® Rules 2020
Lecture 20 Possible Checkpoints for Incoterm Rules 2020
Lecture 21 Key points about Incoterms ® Rules 2020
Section 9: Case Studies
Lecture 22 Case Studies
Import Export Businessmen,Bankers handling Trade Documents,Anyone in the Logistics Industry
Course Information:
Udemy | English | 1h 7m | 383.95 MB
Created by: Anwesha Sengupta, CITF, CAIIB
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