Incoterms 2010 - Postponed

The Singapore Business Institute is pleased to organize a workshop on “Incoterms 2010”. Upon completion of the workshop, the participant will be granted an attendance certificate.

Day/Date: 4 Oct 2017, Wed
Time: 9:00am - 5:00pm
Fee per pax (incl. GST): S$390.00 (Member )  |  S$640.00 (Non-Member)
Venue : 160 Robinson Road, SBF Center, #06-01, Singapore 068914


The International Chamber of Commerce (ICC) had recently revised the Incoterms rules which has been approved on 15 Sep, 2010 knownas the new Incoterms 2010 which will be effective worldwide as of 1st January 2011. Incoterms are international rules published by the ICC for the interpretation of trade terms eg EXW, FOB, CFR, CIF, CPT, CIP, FCA etc. Exporters, Importers, Bankers and Insurers, Freight Forwarders and carriers need to be aware of the new changes in Incoterms 2010 which have critical implications to their business especially on the following:

  • Carriage of goods between seller/buyer
  • Export and Import clearance requirements
  • Allocation of costs between seller & buyer
  • Acquisition of cargo insurance
  • Assumption of risks for loss and damage

Four terms under the current Incoterms 2000 were taken out. Two new terms DAT (Delivered At Terminal) and DAP (Delivered At Place) have been added. Incoterms 2010 promised to be very concise and more relevant to business transactions and cargo security issues which are now at the forefront of the transportation agenda of numerous countries 

Programme Outline

    1. What are Incoterms - what is it, what does it clarify, how widely is it used and how may we apply the      Incoterms?
    2. Incoterms - some common misconceptions.
    3. Terms of Sale vs. Terms of Payment
    4. What important matters are covered by the new Incoterms 2010 and what are the main changes to      Incoterms 2000?
    5. The new classification under the new Incoterms 2010:
    6. Different Modes of transport and appropriate terms.
    7. The impact of Incoterms rules on shipping and transport documents
    8. The use of Incoterms 2010 rules in domestic trade
    9. How will Incoterms 2010 affect the relationship and specific responsibilities between sellers and      buyers?
    10. What are the critical points under Incoterms 2010 for the transfer of risks and costs?
    11. A detailed diagrammatic analysis of the 11 Incoterms
    12. Relationship of Cargo Insurance with Incoterms
    13. Relationship of Methods of Payment with Incoterms
    14. Why FOB, CFR & CIF are no longer relevant for use in containerized shipment?

*  This is an ICC Academy accredited course. 6 PDCs will be awarded at the completion of this programme.
For more information on accreditation, please log on to 
http://icc.academy/

*Programme is accurate at the time of print
Training expenditure qualifies your company for up to 400% tax deductions or up to 40% cash payouts under the Productivity and Innovation Credit (PIC). 

Administrative Details:

Please email to institute@sbf.org.sg to reserve a seat, this will be followed by a confirmation email. 
Upon confirmation, please prepare a cheque to SBF 
(refer to address on above letterhead). 
Cheque should be made payable to “Singapore Business Federation”. Please indicate the Ref No. and company’s name, participant’s name at the back of the cheque.

  • Registration is on a first-come-first-served basis. No cancellation will be allowed upon registration, but attendance by a replacement delegate from your company is allowed. We regret that no refund and full fees will be charged for cancellation or non-attendance.

  • Confirmation of your registration will be emailed to your company upon receipt of full payment.

NOTE:  As a precautionary measure, our advice is for members who are unwell not to attend the session.

 

For more information, please contact:
Email: institute@sbf.org.sg (ATTN: Ms Josephine Ong)
Call: 6701 1135

*Information is correct at the time of print

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 event. 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:
10/4/2017 9:00 AM - 10/4/2017 5:00 PM

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