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Incoterms® 2020 Rules Course Agenda

International Commercial Terms
8:30 a.m. to 12 p.m. – Seminar
9:00 a.m. to 12:30 p.m. (Central Time) – Webinar
  1. TRADE TERMS FOR DOMESTIC AND INTERNATIONAL TRANSACTIONS
    1. Incoterms® Rules in Contracts
    2. Incoterms® Rules and Title Transfer
    3. Incoterms® Rules vs. The Uniform Commercial Code Terms
    4. Structure of Incoterms® Rules
  2. INCOTERMS® 2010/2020 PRODUCT TRANSPORTATION AND RISK OF LOSS
    Incoterms® Rules Compared

    1. TERMS FOR ANY MODE
      1. EXW -Ex Works (named place)
      2. FCA – Free Carrier At (named place)
      3. CPT – Carriage Paid To (named place of destination)
      4. CIP – Carriage and Insurance Paid To (named place of destination)
      5. DAP – Delivered at Place (named place of destination)
      6. DPU – Delivered at Place Unloaded (named place of destination)
      7. DDP – Delivered Duty Paid (named place of destination)
    2. MARITIME TERMS
      1. FAS – Free Alongside Ship (named ocean port of shipment)
      2. FOB – Free on Board (named ocean port of shipment)
      3. CFR – Cost and Freight (named ocean port of destination)
      4. CIF – Cost, Insurance and Freight (named ocean port of destination)
    3. SUMMARY
      1. Trade Term Self-Assessment, Exercises & Quiz
  3. COSTING METHODS
  4. MISTAKES MADE: COURT CASES INVOLVING INCOTERMS® RULES
  5. CASE STUDIES

®”Incoterms is a registered trademark of International Chamber of Commerce.

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