Incoterms 2020 Rules Seminar
Half-Day Session — 8:30 a.m. to 12:00 p.m.
Certificate Issued Upon Completion.
NOTE: Agenda will be updated late September 2019. As of October 2019 class will cover update to Incoterms 2020 Rules.
If your company is relying on the trade term FOB for all your international shipments, you may be in for a few surprises. FOB has a much different meaning in international trade than it does for domestic orders. Understanding the common set of international trade terms—Incoterms 2020—will ensure that you are speaking the same language as your international customers and vendors and protect your company against unanticipated expenses and liability.
This half-day seminar evaluates each of the Incoterms 2020 trade terms and the definitions and rules for each so you can decide which term or terms will work best for your company. The instructor will use case studies and exercises to help define the most appropriate terms to use and provide an overview of the differences between Incoterms 2020 and more traditional domestic terms of sale.
If you take this seminar, you will learn:
- The differences between the domestic and international terms of sales.
- The meaning of each of the different Incoterms.
- The responsibilities and obligations for the seller and the buyer under each of the terms.
- The costs associated with each term.
- When to use the different terms.
Come to this one-day seminar armed with your questions. Small class sizes and a knowledgeable teacher allow for a great interaction between attendees and the instructor. All attendees receive the reference book to serve as a day-to-day guide. A new reference book will be coming in October 2019.
Can't travel. This seminar is also available in an online webinar format. Click here for more information.
SAVE $50 ON EACH REGISTRATION—Register and pay for your seminar more than 30 days in advance and save $50 off of every seminar registration!
You must call and register with IBT at (800) 641-0920 to get this special discounted price.
Seminar refund policy. IBT will issue a complete refund if you cancel 30 or more days before the seminar date. No refunds are given for cancellations received within 30 days of the seminar. Cancellations received less than 30 days before the seminar are subject to a $125 transfer fee. Once the fee is paid, you may transfer to another class date within one full year. In fairness to all attendees, confirmed attendees who do not attend their scheduled seminar are liable for the entire fee. You may send a substitute if you are not able to attend at the last minute at no charge.
If you do not receive a seminar confirmation at least two weeks before the seminar, please contact our office. We recommend you do not make travel arrangements until you receive a seminar confirmation. We reserve the right to cancel any seminars that do not have enough participants. If a cancellation occurs, registered attendees will receive a full refund or the option to transfer to another date.
WHEN CHECKING OUT, PLEASE PROVIDE THE FOLLOWING INFORMATION ABOUT THE SEMINAR ATTENDEE IN THE "NOTE TO SELLER" BOX:
- Phone Number
- Email Address
- Company Name & Address
II. DOMESTIC TERMS OF SALE FOR DOMESTIC TRANSACTIONS IN THE UNITED STATES
III. INCOTERMS 2020 PRODUCT TRANSPORTATION AND RISK OF LOSS
IV. EXERCISES / WORKSHOP