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Logistics
The Incoterms 2020
A practical session on the Incoterms rules and how they allocate risk and cost between seller and buyer in international shipments. It also covers choosing a transport mode, carrier liability and cargo insurance, with exercises to apply each rule.
- Discipline
- Logistics
- Level
- Foundation
- Duration
- 0.5 days
- Formats
- Classroom, Live online, In-house
Every course can be delivered in-house and tailored to your organisation.
Who should attend
Supply chain staff, contract engineers and technical buyers involved in international purchasing.
What participants will be able to do
- Select the right Incoterm for a given shipment
- Explain how risk transfers between seller and buyer
- Understand liabilities and insurance in international transport
- Weigh cost, schedule and carbon when choosing a transport mode
Topics covered
- Incoterms 2020 rules
- Changes from the 2010 edition
- Transfer of risk
- Freight forwarder liability
- Cargo insurance and claims
- Transport mode selection