INCOTERMS - International Commercial Terms
Instructor:
John Dunlop
Product ID: 702213
- Duration: 60 Min
Why Should You Attend:
Companies that export and import products internationally need to understand which International Commercial Term, or INCOTERM, to use to precisely determine who pays for freight, insurance and customs duties. Without the INCOTERM being agreed to by the importer and exporter, the allocation of costs to either party cannot be determined. INCOTERMs also determine at which point in the logistics movement of goods title transfer takes place during transit. If the goods are lost or damaged, the INCOTERM determines who is entitled to the insurance payment.
In this webinar, attendees will learn how to use INCOTERMs to define who pays for freight, insurance and customs duties for the export sale and the import purchase of goods.
Areas Covered in the Webinar:
- What are INCOTERMs
- How are they used for the export sales
- How are they used for import purchases
- What are the terms and conditions of each INCOTERM
- How do I select the correct term for a specific transaction
- What are the benefits of one term over another
- What are the risks of one term over another
Who Will Benefit:
This webinar will provide valuable assistance to all companies that export or import goods and need to properly allocate the cost of freight, insurance and customs duties between the parties in the transaction.
- Export trading companies that sell internationally
- Import companies that purchase internationally
- Freight forwarding companies that are contracted to transport goods
- Bank staff involved with trade finance services and the negotiation of credits
John Dunlop
CEO, InterNetLC.com
John W. Dunlop is CEO of InterNetLC.com, LLC. InterNetLC.com provides the eTrade Finance Platform as an open source web service for online eUCP Letter of Credit and trade finance transactions. The company also provides Documentary Letter of Credit Management services to assist exporters and importers in managing the letter of credit process from purchase order to final payment. InterNetLC.com, LLC has been awarded an Export Achievement Certificate for accomplishments in the global marketplace by the US Commercial Service.
Refund Policy
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Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange. Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time. On-Demand Recording purchases will not be refunded as it is available for immediate streaming. However if you are not able to view the webinar or you have any concern about the content of the webinar please contact us at below email or by call mentioning your feedback for resolution of the matter. We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email [email protected] call +1-888-717-2436 (Toll Free).
