Understanding Incoterms 2020 *Popular!*


Overview

Many businesses employ INCOTERMS® rules in their commercial contracts, these contracts are often negotiated by individuals who do not really understand what the INCOTERMS® rules mean and don’t know how to use them effectively. Thus, they can impact on a number of areas in a company’s operations, including sales, accounts, shipping, operations, compliance and customer service.

Understanding Incoterms helps companies understand how to use them properly and for avoiding disputes down the road. Updated latest version of Incoterms 2020 rules will help prepare business for the next century of global trade.

Course Outline

  • What are they intended for
  • International trade always goes well…. Not!
  • What the Incoterms rules do
  • What the Incoterms rules do not do
  • How best to incorporate the Incoterms rules?
  • Rules for the contract of sale and their relationship to other contracts
  • The eleven Incoterms 2020 rules – “sea and inland waterway” and “any mode(s) of transport”: getting it right
  • Order within the Incoterms 2020 rules
  • Differences between Incoterms 2010 and Incoterms 2020
  • Caution with variants of Incoterms rules


Who Should Attend

  • Sales staff who process international sales contracts
  • Finance and Banking
  • Corporate legal
  • Customer service
  • Logistics and supply chain executives and managers, warehouse executives and managers
  • Order processing executives and managers, shipping executives and managers
  • Product planning executives and managers
  • Import/Export executives and managers


Trainer Profile

Michael Ong has more than 25 years of experience in the areas of managing export orders, import/export, shipping, logistics, distribution, warehousing, inventory control, cargo insurance and claims, negotiating freight with carriers, trader documentation, trade compliance, trade finance and supply chain management. He first started part-time teaching in 1982, delivering a course on Certificate in Practical Import and Export Documentation and Procedures. He has since conducted training for nearly 40 years and provided corporate training for companies located both locally and overseas, including Hitachi Asia, Micron Semiconductor Asia, ASM Pacific Technology Ltd. Motorola Electronics, NCS Singapore, DHL, Federal Express, Shalom International Movers Pte Ltd. REC Solar Pte Ltd. Tanaka Electronics Singapore Ltd. Mitsui Chemicals Asia Pacific, Ltd. Olympus Singapore Pte Ltd. Nissan Taiwan and P&G Indonesia. As an effectively bilingual trainer, Michael has delivered courses fluently in both English and Mandarin.

 

 


Administrative Details

  • Please log on with your Username and Password to register. If you have no existing account with Singapore Business Federation (SBF), please create one for registration.
  • Upon registration, you can make payment directly by PayPal (for Credit / Debit Card), PayNow Corporate or Bank Transfer. An auto e-acknowledgement and invoice will be sent to your registered email.
  • No cancellation is allowed upon registration but attendance by a replacement delegate from your company due to exigency could be facilitated. Please notify SBF of this change, giving at least 3 working days’ notice prior to the date of the workshop to enable logistical arrangements for the replacement.
  • Full payment must be received with registration prior to the date of the workshop to guarantee your place.
  • Admission into the workshop is only allowed if payment / proof of payment has been received prior to the day.
  • Participants will still be liable for payment in the event of no-show on actual day of the workshop.
  • SBF reserves the right to cancel, postpone, reschedule or make any adjustments to the workshop where necessary.

Payment Options:

Select one of the following electronic payment options available (Please key in the invoice number for our reference)

  • PayPal (pay by Credit or Debit card)
  • PayNow Corporate (UEN: T02SS0073H)
  • Bank Transfer (Bank / Branch Code: 7375 / 018, Account No: 118-313-180-5)
  • Billing Organisation via UOB or DBS Website/Mobile app

Ref No.: SB231036

DISCLAIMER

All information, materials and related graphics contained herein and/or provided in the course of the training session(s) (hereinafter referred to as “Information and Materials”) are intended for informational and/or educational purposes only. The Singapore Business Federation does not claim ownership of any of the Information and Materials provided by the external training vendor(s). The information and Materials may from time to time include technical inaccuracies or typographical errors, and changes may be added periodically as may be necessary. Please note that photography, audio and video recording may occur during these events. All photography, audio and video recording may be used by Singapore Business Federation for education, marketing, promotional and/or publication purposes. If you do not wish to have your image recorded or published, for compelling and legitimate grounds relating to your particular situation, please inform our staff.

When
7/24/2023 9:00 AM - 5:00 PM

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