An introduction to Incoterms and their importance to internationa trade.Understand the history and purpose of Incoterms, how they are used, the practical issues to be considered, and sources of additional help and information. Commercial matters will be discussed including the impact of Incoterms on costs and profitability. The definition of each INcoterms will be covered as well as practical topics such as why EXW is not suitable for export shipments. An understanding of INcoterms is fundamental to international trade.

Course Contents:

- History and background of Incoterms

- The rules and how to use the terms

- What they do and what they don't do

- A review of each of the terms

- What's new in Incoterms 2020

- Why EXW is not suitable for international trade and what to use instead

- Sources of help and advice

Who Should Attend - This course is fundamental to anyone involved in international sales and purchases including sales teams, purchasing teams, finance, import and export administrators, and managers. The course is valuable for both newcomers wanting an introduction and overview, and experienced staff needing a refresher on current requirements. As Incoterms are so important and widely used in international trade, it is a "must do" course for anyone engaging in international trade.

This course is part of the 11 British Chambers of Commerce Courses. Each course offers one credit towards the BCC Foundation Award in International Trade. You must complete 6 or more of these courses to receive the Award.