Description
ITS - TCP - 010 - Incoterms 2010
Welcome to this learning unit covering Incoterms 2010.
The aim of this section is to outline the key features of Incoterms 2010 from a practical and engaging perspective.
In this learning unit you will:
- Review the obligations of the buyer and seller in the international contract of sale.
- Understand and apply the Incoterms 2010 rules in international trade transactions.
- Gain insights into proper implementation of the Incoterms 2010 rules.
Objectives
To understand the functioning of the Incoterms® 2010 rules and how to work with them in international sales.
Detailed Topic Listing as follows:
LU FIT 010 Incoterms 2010
1. BACKGROUND TO INCOTERMS
1.1 Domestic and International
1.2 Background to Incoterms
1.3 Objectives of Incoterms
1.4 Four Groups of Incoterms
1.5 Incorporating Incoterms
1.6 What do they define?
2. Incoterms 2010 - main changes
2.1 Transport Modes
2.2 Extent of Obligations
2.3 Extent of Obligations - Carriers
2.4 Due Diligence
2.5 Transfer of Risk - F Terms
2.6 A Common Language
3. Incoterms Step-by-step
3.1 EX WORKS (EXW)
3.2 FREE CARRIER (FCA)
3.3 FREE ALONGSIDE SHIP (FAS)
3.4 FREE ON BOARD (FOB)
3.5 COST AND FREIGHT (CFR)
3.6 COST INSURANCE AND FREIGHT (CIF)
3.7 CARRIAGE PAID TO (CPT)
3.8 CARRIAGE AND INSURANCE PAID (CIP)
3.9 DELIVERED AT PLACE (DAP)
3.10 DELIVERED AT TERMINAL (DAT)
3.11 DELIVERED DUTY PAID (DDP)
4. How to use Incoterms
4.1 Market Custom & Practices
4.2 Incoterms® and Competition
4.3 Export Experience
4.4 Incoterms and Title
4.5 Revenue Recognition
4.6 Common Problems
Further Reading
1- Incoterms 2010 Summary Chart
2- Incoterms® Rules Q&A
3- The INCOTERMS rules and their importance
4- Development of the International Trade in Terms of
Incoterms 2010 Rules
5- Incoterms 2010 and the mode of transport: how to choose the right term
6- ICC Rules for Use in Contracts for the Supply of Goods
Forum Assignment
End of Unit
Certificate
By completing/passing this course, you will attain the certificate eBSI International Trade Short Course Certificate
Learning Credits
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