Introduction to Incoterms
International Commercial Terms (Incoterms) provide a globally applicable standard for delivery terms in international business transactions.
No prerequisites or pre-knowledge necessary
- Identify different parties involved within the shipping process
- Understand the meanings of different Incoterms in shipping contracts
- Gain more knowledge about the responsibilities of both seller and buyer that by return determines the responsibility of the shipping party
International Commercial Terms (Incoterms) provide a globally applicable standard for delivery terms in international business transactions and are used to manage trading and shipping worldwide. The Incoterms define who is responsible for what in international trade. It is important to understand the different terms as they determine the payment and risk responsibilities between the seller and buyer or the shipper and consignee.
In this training course you will discuss the history of such Incoterms, their meaning, and the associated responsibilities from the point of view of risks and finances.
For a clearer understanding, the parties involved in the shipping process will be illustrated, starting from the seller moving onto the shipper, logistics company, transporter, customs, etc., and ending with the final consignee. Furthermore, you will learn more about the bill of lading as a basic document reviewing how it comes about, its contents, regulations and how it is implemented, highlighting some of the main charges and how these can be placed accordingly.
- Defining parties involved in the shipping process
- Understanding Cargo movement
- The bill of lading: Content, different types and usage
- Illustration of Incoterms history and meaning
- Risks and payments associated with each Incoterm
- How to use, read and handle different shipments based on the Incoterms
DB Rail Academy focuses solely on offering training courses to larger groups from companies. If you and your company are interested in this course, please contact us via email: firstname.lastname@example.org so we can plan the next steps with you.