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
- TRADE TERMS FOR DOMESTIC AND INTERNATIONAL TRANSACTIONS
- Incoterms® Rules in Contracts
- Incoterms® Rules and Title Transfer
- Incoterms® Rules vs. The Uniform Commercial Code Terms
- Structure of Incoterms® Rules
- INCOTERMS® 2010/2020 PRODUCT TRANSPORTATION AND RISK OF LOSS
Incoterms® Rules Compared
- TERMS FOR ANY MODE
- EXW -Ex Works (named place)
- FCA – Free Carrier At (named place)
- CPT – Carriage Paid To (named place of destination)
- CIP – Carriage and Insurance Paid To (named place of destination)
- DAP – Delivered at Place (named place of destination)
- DPU – Delivered at Place Unloaded (named place of destination)
- DDP – Delivered Duty Paid (named place of destination)
- MARITIME TERMS
- FAS – Free Alongside Ship (named ocean port of shipment)
- FOB – Free on Board (named ocean port of shipment)
- CFR – Cost and Freight (named ocean port of destination)
- CIF – Cost, Insurance and Freight (named ocean port of destination)
- SUMMARY
- Trade Term Self-Assessment, Exercises & Quiz
- COSTING METHODS
- MISTAKES MADE: COURT CASES INVOLVING INCOTERMS® RULES
- CASE STUDIES
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