TF205 Understanding Incoterms 2020
Description:
Understanding Incoterms 2020 is a specialized course designed for professionals involved in international trade, shipping, freight forwarding, logistics, import/export, procurement, and supply chain management. This course provides a deep dive into the Incoterms® 2020 rules, issued by the International Chamber of Commerce (ICC), and explains their practical applications in global transactions.
Participants will explore each of the 11 Incoterms individually, understand how they allocate responsibilities between buyers and sellers, and learn how to apply the correct Incoterm in different types of sales contracts. Real-life examples, risk diagrams, and contract scenarios are included to ensure clarity and practical understanding.
Whether you're new to Incoterms or looking to update your knowledge from previous versions, this course equips you with the essential skills to minimize risk, avoid costly mistakes, and ensure smooth international trade operations.
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