Essentials of Country Requirements & Incoterms

Course Overview

This course provides a deep dive into the responsibilities of buyers and sellers in export-import transactions, focusing on trade terms and regulatory requirements. Participants will explore supplier identity, export and import compliance, transportation arrangements, and the fundamentals of Incoterms. Key topics include trade contract characteristics, international standards, risk transfer, and a breakdown of seller-buyer obligations under each Incoterm, equipping learners with essential knowledge for navigating global trade efficiently.

• Identity of actual supplier in an export-import transaction
• Origin country export requirements
• Destination country import requirements
• Responsibility for arranging transportation
• Preview of Incoterms (“Trade Terms”)
• Characteristics of an export-import contract
• Internal trade standards
• “Trade Terms”
• Summary of Incoterms seller and buyer responsibilities under each Trade Term group
• Summary Chart of seller and buyer responsibilities under each Trade Term
• Seller and buyer obligations under all Incoterms
• Passage of risk of cargo loss and damage under Incoterms