Focus On: Incoterms® 2020 Rules

Trading goods worldwide can expose companies to greater risk & cost in the form of lost goods or unnecessary delays or disputes. The simple allocation of responsibilities in the supply chain can help, which is what Incoterms® Rules have been doing since 1936. Generally, Incoterms® are misunderstood and frequently misused; ensure you are using them correctly by joining us on this full-day interactive course.

Description

Trading goods worldwide can expose companies to greater risk & cost in the form of lost goods or unnecessary delays or disputes. The simple allocation of responsibilities in the supply chain can help, which is what Incoterms® Rules have been doing since 1936. Generally, Incoterms® are misunderstood and frequently misused; ensure you are using them correctly by joining us on this full-day interactive course. 

Strong & Herd is an official training partner of ICC-UK for Incoterms® 2020. This full-day course includes case studies and workshop sessions to fully understand how the Incoterms® rules work, how they may affect your business, and focus on the changes covered by the 2020 revision. Since the last revision in 2010, much has changed in global trade. For UK/EU companies especially, uncertainty about future trading agreements means contract terms must be resilient and effective to minimise disruption to the business. Using the wrong ICC Incoterm when trading goods worldwide exposes companies to greater risk and cost in the form of lost goods or unnecessary disputes. This is why it is essential to understand ICC Incoterms® 2020 rules and use them correctly so that companies can trade with one another safely in the knowledge that they follow international best practices. 

For this revision, the ICC want to ensure that companies get the proper standard of internationally recognised advice, as they know the terms still need to be understood. Simple mistakes can be easily avoided if the ICC’s unique international expertise and resources are made accessible to and utilised effectively by businesses. The ICC-UK has recognised Strong & Herd’s expertise in this area, and the ICC-UK has licensed Strong & Herd LLP as an official training partner for the 2020 set. With our courses, you are assured of receiving accredited, world-class, certified training, support and practical expertise, and delegates will receive an ICC-UK accredited training certificate. 

For this revision the ICC want to ensure that companies get the right standard of internationally recognised advice as they know the terms are still mis-understood. The ICC-UK has recognised Strong & Herd’s expertise in this area, and we have been licensed by the ICC UK as an official training partner for the 2020 set. Simple mistakes can be easily avoided if ICC’s unique international expertise and resources are made accessible to, and utilised effectively by, businesses. With our courses you are assured of receiving accredited, world-class, certified training, support and practical expertise and delegates will receive an ICC-UK accredited training certificate. The new terms came into force on 1 January 2020.

Course Structure and Key Topics

Throughout the day, knowledge checkers and discussion points will support the learning outcomes; all delegates are encouraged to participate and ask questions during the training. This ensures delegates are taking in the information and get the most out of attending an S&H Training Course.     

  • Focus on what are Incoterms® includes a short review of their history and development since their inception in 1936. 

  • Understand what they do for trade, including practice and theory. 

  • Focus on the Incoterms® 2020 Rules, clearly explained and compared to previous sets. 

  • Review putting Incoterms® 202 Rules into practice. 

  • Focus on the different viewpoints from a sales, procurement and logistics perspective.       

Testimonials

"Very Professional" 05/06/2023

"Interactive. Quizzes were useful" - 04/10/2022

"The delivery of the information was very clear despite the amount of material covered and it is was useful to have the slide pack to refer back to." 07/01/2021

"The pace of the course, not too fast, the structure, explanations" 12/11/2020

"Interactive. Quizzes were useful" 04/10/2022

"Friendly, encouraged interaction. Very clear and informative" 12/11/2020