Incoterms 2020 MasterClass

Learn Incoterms ® 2020 and Never Commit any Mistake in Incoterms ® Selection
Incoterms 2020 MasterClass
File Size :
772.15 MB
Total length :
1h 49m

Category

Instructor

Kumar Gaurav Khullar

Language

Last update

Last updated 2/2021

Ratings

4.3/5

Incoterms 2020 MasterClass

What you’ll learn

Incoterms ® 2020 – Layman Explanation
Main Functions of Incoterms ® 2020
What the Incoterms ® 2020 Do Not Do ?
Defined terms in Incoterms ® 2020
Incoterms ® 2020 Categorisation
When are Incoterms ® 2020 used?
EXW ,FCA ,FAS ,FOB ,CFR ,CIF ,CPT ,CIP ,DDP ,DAP ,DPU Incoterms ® in Detail
How to Incorporate Incoterms ® 2020 Rules
Incoterm 2010 vs Incoterm ® 2020 Rules
Which Incoterms ® 2020 are the most favorable for the Seller/Buyer
Incoterms ®2020 Case Study
Common Incoterm ® Usage Mistakes

Incoterms 2020 MasterClass

Requirements

Basics

Description

Welcome to this amazing course on Incoterms ® 2020.International commercial transactions involves many steps and as you must have noticed there are risks,costs and obligations at each and every step. Most often buyers,sellers and carriers are confused with their obligations and responsibilities.Of Course ,Both buyer and seller would like to minimize their risks/costs and obligations.So here comes the Incoterms, which defines what will be delivery point for a seller from where the responsibility of buyer will start. These Incoterms eliminates ambiguities or inconsistencies of country-specific sales and shipping contracts. This makes it easy for sellers and buyers to identify and manage the costs and liabilities of transporting cargo between source and delivery destinations.Incoterms are basically used by buyers and sellers to answer the questions like:•Which party is responsible for the shipping costs?•Which party is responsible for the insurance costs?•Which party is responsible for the import costs?•Which party is responsible for customs clearance?These rules are accepted by governments, regulatory authorities, and practitioners worldwide. As such, they are regularly incorporated into sales contracts worldwide, and a specific version of the Incoterms should always be referenced in the text of every contract.So if you are an Exporter or Importer ,or Student of Trade Finance or preparing for any such competitive examination then this course is definitely for you.Even if you are not from finance background you can easily grasp the concepts since i have explained the topics in such a way that no prior knowledge of finance is required to start this course.All the topics are covered graphically which will make your learning interesting and practical. Topic of Incoterms ® is presented in a very complex manner by most instructors, but this course will explain you all he concepts in a very simple and lucid manner.At last we will solve a Case Study on Incoterms ® 2020 that will make your concept of Incoterms crystal clear.By the time you finish this course you wont commit any mistake in choosing the correct Incoterm and incorporating them into your contract text. So don’t miss this amazingly designed and well outlined course on Incoterms ® 2020. Just Enroll now and i will meet you again inside the course.

Overview

Section 1: Promo Lecture

Lecture 1 Promo Lecture

Section 2: Introduction

Lecture 2 Introduction

Section 3: Incoterms ®- Layman Explanation

Lecture 3 Incoterms ® – Layman Explanation

Section 4: What are Incoterms ®?

Lecture 4 What are Incoterms®?

Section 5: Main Functions of Incoterms®

Lecture 5 Main Functions of Incoterms®

Section 6: What the Incoterms ® 2020 Do Not Do

Lecture 6 What the Incoterms ® 2020 Do Not Do

Section 7: Incoterms 2020 ®Overview

Lecture 7 Incoterms ® 2020 Overview

Section 8: Defined terms in Incoterms®

Lecture 8 Defined terms in Incoterms®

Section 9: Incoterms® 2020 Categorisation

Lecture 9 Incoterms® 2020 Categorisation

Section 10: When are Incoterms® used?

Lecture 10 When are incoterms® used ?

Section 11: EXW (Ex-Works) Incoterm®

Lecture 11 EXW – Explanation

Lecture 12 EXW Features

Lecture 13 EXW Advantages and Disadvantages

Lecture 14 EXW – Allocations of costs to Buyer/Seller

Lecture 15 EXW – Allocations of risks to Buyer/Seller

Section 12: FCA ( Free Carrier At) Incoterm®

Lecture 16 FCA – Explanation

Lecture 17 FCA Characteristics

Lecture 18 FCA – Allocations of costs to Buyer/Seller

Lecture 19 FCA – Allocations of risks to Buyer/Seller

Section 13: FAS ( Free Alongside Ship) Incoterm®

Lecture 20 FAS – Explanation

Lecture 21 FAS – Characteristics

Lecture 22 FAS – Allocations of costs to Buyer/Seller

Lecture 23 FAS – Allocations of risks to Buyer/Seller

Section 14: FOB ( Free On Board ) Incoterm®

Lecture 24 FOB – Explanation

Lecture 25 FOB – Characteristics

Lecture 26 Allocations of costs to Buyer/Seller

Lecture 27 Allocations of risks to Buyer/Seller

Section 15: CFR ( Cost and Freight ) Incoterm®

Lecture 28 CFR – Explanation

Lecture 29 CFR – Characteristics

Lecture 30 Allocations of costs to Buyer/Seller

Lecture 31 Allocations of Risks to Buyer/Seller

Section 16: CIF ( Cost,Insurance and Freight ) Incoterm®

Lecture 32 CIF – Explanation

Lecture 33 CIF – Allocations of costs to Buyer-Seller

Lecture 34 CIF – Allocations of Risks to Buyer-Seller

Section 17: CPT ( Carriage Paid To ) Incoterm®

Lecture 35 CPT – Explanation

Lecture 36 CPT – Allocations of costs to Buyer-Seller

Lecture 37 CPT – Allocations of Risks to Buyer-Seller

Section 18: CIP ( Cost and Insurance Paid To )®

Lecture 38 CIP – Explanation

Lecture 39 CIP – Allocations of costs to Buyer/Seller

Lecture 40 CIP – Allocations of Risks to Buyer/Seller

Section 19: DAP ( Delivered At Place ) Incoterm®

Lecture 41 DAP – Explanation

Lecture 42 DAP – Allocations of Costs to Buyer-Seller

Lecture 43 DAP – Allocations of Risks to Buyer-Seller

Section 20: DPU ( Delivered at Place Unloaded ) Incoterm®

Lecture 44 DPU – Explanation

Lecture 45 DPU – Allocations of Costs to Buyer-Seller

Lecture 46 DPU – Allocations of Risks to Buyer-Seller

Section 21: DDP ( Delivered Duty Paid ) Incoterm®

Lecture 47 DDP – Explanation

Lecture 48 DDP – Allocations of Costs to Buyer-Seller

Lecture 49 DDP – Allocations of Risks to Buyer-Seller

Section 22: Incoterm® 2020 vs Incoterm® 2010 Rules

Lecture 50 Incoterm® 2020 vs Incoterm® 2010 Rules

Section 23: Which Incoterms® 2020 are the most favorable for the Seller/Buyer

Lecture 51 Best Incoterms for Buyers/ Importers

Lecture 52 Best Incoterms for Sellers/ Exporters

Section 24: Incoterms® 2020 Case Study

Lecture 53 Incoterms 2020 Case Study

Section 25: Some common Incoterm Mistakes

Lecture 54 Some common Incoterm Mistakes

Exporters,Importers,Students of Trade Finance,CDCS Students

Course Information:

Udemy | English | 1h 49m | 772.15 MB
Created by: Kumar Gaurav Khullar

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