7 Lessons
Incoterms Overview
- What Incoterms are, and how they facilitate trade by creating a standard way of dividing obligations between a buyer
and seller under various export-import shipment scenarios - What Incoterms specify and what they do not specify
- How Incoterms divide costs between seller and buyer
3 Lessons
Introduction to Incoterms
- The meaning of various Incoterm codes and how they are grouped for practical application.
- How Incoterms allocate costs, obligations, and the risk of loss or damage between the seller and buyer.
- Responsibility for arranging transportation and the required notices each party must provide under different Incoterms.
5 Lessons
Incoterms Issues and Concerns
- Key trade term citation particulars, including delivery details, applicable Incoterms version, and the impact of initial transport modes and specific terms like “EXW loaded.”
- Passage of risk and responsibilities under EXW, “F,” “C,”” and “D” terms, including differences between FCA origin and other points, and the implications of buyer delays.
- Seller and buyer obligations under each Incoterm, focusing on risk transfer, delivery points, and customs clearance responsibilities.
4 Lessons
Incoterms Matrices and Troubleshooting
- Using detailed matrices to increase awareness of the numerous obligations and costs in accomplishing transportation
and delivery of goods under various shipping circumstances - Gaining a more detailed understanding of respective seller and buyer costs under each trade term using various
transportation modes - Applying what you have learned about respective seller and buyer obligations and costs under various trade
terms and transport modes