Focus On: Incoterms® 2020 Rules
Engaging in global trade can expose companies to increased risks and costs, such as lost goods, unnecessary delays, and disputes. Clearly defining responsibilities within the supply chain can mitigate these issues, which is the purpose of the Incoterms® Rules that have been in place since 1936. However, Incoterms® are often misunderstood and misapplied. Ensure you are utilising them correctly by participating in our full-day interactive course.
Description
Strong & Herd is proud to be an official training partner of ICC-UK for Incoterms® 2020. This full-day course is designed to provide a comprehensive understanding of how the Incoterms® rules operate and their implications for your business. Through case studies and interactive workshop sessions, you will gain valuable insights into the application of Incoterms® and the significant changes introduced in the 2020 revision.
In the ever-evolving landscape of global trade, resilient and effective contract terms are crucial to minimise disruptions. Misapplying an Incoterm when trading internationally can expose your company to increased risks and costs, including lost goods and unnecessary disputes. Therefore, understanding the ICC Incoterms® 2020 rules and using them correctly is vital for safe and compliant international trade.
The ICC recognises the need for companies to access reliable, internationally recognised advice on these terms, as misunderstandings can lead to costly mistakes. Strong & Herd's expertise has been acknowledged by ICC-UK, which has licensed us as an official training partner for the 2020 set. Upon completion, participating in our courses will receive accredited, world-class training and practical expertise and an ICC-UK-accredited training certificate. Equip your business with the knowledge to trade confidently, adhering to international best practices.
Course Structure and Key Topics
The course runs from 10:00 AM to 3:30 PM, including regular breaks and a lunch break.
This course is designed to be highly interactive, with quizzes, activities, and Q&A sessions. We encourage delegates to actively engage with the course tutor throughout the day, fostering a dynamic learning environment where everyone's input is valued. This interactive approach ensures that you not only understand the course material but also learn how to apply it in real-world scenarios.
-
Focus on Incoterms® Rules 2020, including a short review of its history and development since its 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
"Instructor was really helpful and tailored towards more of what me and my colleague needed to know." New Balance 23/09/2024
"The trainer was very knowledgeable and answered questions clearly. The course ran smoothly." 15/07/2024
"The tutor was very engaging and ensured we understood the material throughout, the questions after every topic helped reinforce the information we had been given. " 11/03/2024
"Very Professional" 05/06/2023
"Interactive. Quizzes were useful" - 04/10/2022
Who Should Consider this Course?
This course is essential for procurement, logistics, and supply chain management professionals and those engaged in international sales and contracts. Understanding Incoterms® at a contractual level is crucial for anyone responsible for negotiating or managing contracts related to the movement of goods across borders. This includes procurement managers, logistics coordinators, customs compliance specialists, and legal advisors who need to ensure that their agreements align with international best practices. By attending this course, participants will gain the knowledge necessary to effectively utilise Incoterms® in their contracts, mitigating risks and enhancing clarity in their trading relationships.
Why the Strong & Herd Course is Unique
What distinguishes Strong & Herd training courses is our commitment to empowering participants to apply their knowledge in real-world scenarios, enabling them to take a proactive approach in their job roles. Our courses are led by industry experts with extensive practical experience in international trade, ensuring participants gain valuable insights and expertise.