* State: Texas
The Institute has long believed that flexible and accessible learning is vital to enhancing the UK’s export performance.
To this end, one of our most valuable courses for practical export insight, Understanding Incoterms 2010®, is now available online – and accessible 24/7 from anywhere in the world.
Developed by the International Chamber of Commerce (ICC), the Incoterms – International Commercial Terms – rules are designed to ensure that the obligations of all parties involved in international transactions are clearly understood.
Developed and maintained by experts and practitioners brought together by the ICC, they have become the standard in international business.
We recommend that all of our members who are exporting physical goods are well versed in the Incoterms 2010® regulations, as it is crucial that there is no confusion over who is responsible for delivering the goods and paying for transport. Adhering to the Incoterms® 2010 rules removes the risk of misunderstanding the obligations of each party – even when parties are based in different countries.
The course comprises 14 modules that will take you through all the elements of understanding International Commercial Terms, and how to select the correct one for your international transactions.
These global shipping terms have a major importance in exporting and importing products from around the globe. Students will learn the relevant terminology to better understand how to cover the risks and responsibilities between the buyer and seller, their obligations to each other for the shipment – along with the allocation of costs.