INCO Terms Rules Explained - Masterclass
5 Jun | Hamilton
INCO Terms Rules Explained - MasterclassEvent Date:
5th Jun 2019 8:00am-12:00pmLocation:
PwC, Level 4, Corner Ward & Angelsea StreetsDescription:
This half-day workshop is a must for anyone involved in international trade. Ideal for both beginners and experienced professionals who just want to up-date themselves on Incoterms 2010.
INCOTERMS are used internationally to determine buyers and sellers risks and responsibilities in international contracts. Failure to use them correctly puts your company at risk - and this is especially true of companies training under ExWorks or DDP terms.
This half-day interactive workshop gives a clear explanation of each term and has time for participants to concentrate on their own requirements individually or in group sessions.
- WHAT ARE THE INCOTERM RULES?
- WHAT THE INCOTERMS RULES DO
- PRACTICE AND THEORY
- Incoterms at work – “use and abuse”.
- The four groups and the eleven terms examined in respect of delivery, division of costs, risks and obligations etc.
- Incoterms and modes of transport – the conventional sea freight factor
- Common misunderstandings examined and eliminated
- Legal implications of the terms and implications of misusing a term
- Risk – who is responsible if the goods are lost or damaged – how does this affect insurance policies
- PUTTING INCOTERMS INTO PRACTICE
- Export Policy: some general advice and conclusions. What to do with the new “D” Terms.
- SALES - PROCUREMENT – LOGISTICS
- The different viewpoints – how to achieve harmony and come to an agreed Incoterms policy – effects on the business and how to make them visible
- How much control do Exporters want in their supply chain, advantages and disadvantages
- EXPORT DOCUMENTATION
- We will cover Certificates of Origin and any other specific documents. We will consult with you each individually around your requirements prior to the workshop
- QUESTION AND ANSWER SESSION
Guest Speaker: Malcolm Brown - Senior Lecturer, Manukau Institute of Technology. Malcolm has more than 40 years experience in the International Freight Forwarding Industry. This includes Branch and Marketing Management roles. Malcolm is a FIATA accredited trainer for IATA Dangerous Cargo Courses and has an IATA and CBAFF industry membership.
Janet Uttinger: Janet.Uttinger@ema.co.nzRegister