Start next available: May 22, 2024 @ 10:00 UTC 2x intensive sessions each around 2 hours
This course will explore the 11 incoterms 2020: EXW, FCA, FAS, FOB, CFR, CIF, CPT, CIP, DAP, DPU & DDP.
Understanding the complexities of Incoterms, especially in the realms of freight forwarding, import, and
export, can often pose challenges for students and staff alike. To address this issue, we have developed a
specific methodology tailored to ensure clarity and comprehension. Our methodology includes:
❖ Providing students with a concise document that encapsulates key information pertaining to the
subject matter.
❖ Offering students concise texts corresponding to each Incoterm, facilitating easier
comprehension.
❖ Presenting colorful diagrams related to each Incoterm, illustrating seller and buyer costs to
enhance understanding.
❖ Evaluating students with a meticulously crafted set of 25 questions (with the possibility of
additional questions) that simulate real-life scenarios, ensuring practical understanding and
application.
By employing this comprehensive methodology, we aim to clarify Incoterms and empower learners
with the knowledge necessary to navigate the complexities of international trade effectively.
Upon completion of this course, participants will:
❖ Distinguish between the four Incoterms utilized in maritime transport (including inland
waterways) and those applicable to all modes of transportation.
❖ Identify whether Incoterms are based on prepaid or collect terms.
❖ Demonstrate proficiency in properly expressing the terms within a sales agreement.
❖ Competently calculate insurance premiums associated with Incoterms.
❖ Understand variants such as FOB Stowed, Trimmed & Secured and recognizing potential sources
of disputes.
❖ Determine the optimal Incoterm for container shipments and ascertain the party responsible for
insurance, among other essential insights.
By mastering these key concepts, participants will be equipped with a comprehensive understanding of
Incoterms and their implications in international trade
Students will be awarded certificates upon successful completion.
