Incoterms 2020 A Compact Course

Compact Understanding of using Incoterms ® 2020 in Import Export Business
Incoterms 2020 A Compact Course
File Size :
383.95 MB
Total length :
1h 7m

Category

Instructor

Anwesha Sengupta, CITF, CAIIB

Language

Last update

Last updated 3/2021

Ratings

4.5/5

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

Incoterms 2020 A Compact Course

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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