Understanding Incoterms® Rules in 2023

OVERVIEW

If you do international business, you've probably heard of Incoterms — the international standard for determining responsibility between buyers and sellers.

Furthermore, it will explain why the exporter should be familiar with the Incoterms, which are defined as three-letter trade terms that define the buyer and seller's responsibilities in international business transactions. Finally, we explain what expected terms of sale are acceptable on shipping documentation to meet Customs assessment requirements.

The Incoterm and terms of sales will address the seller and buyer responsibilities by the type of sale transaction agreements that will affect the direct cost of making the export sale and clear Customs regulatory requirements.

WHY SHOULD YOU ATTEND?

Exporters and importers may be unaware of which Incoterms are appropriate as shipping or delivery terms, as well as the standard practices for using the terms in an exporting environment. This exporting terms analysis will help explain why the buyer and seller must understand their obligations regarding goods delivery.

As a result, an exporter must be aware of the preferred terms to use as a seller and the preferred terms to use for buyers during the delivery process, because the terms will allocate each party's responsibilities and risks. We will also discuss the significance of the pricing and sales agreement in terms of sales from the perspective of a foreign buyer, their costs within the landing charges to the port of arrival. Finally, we will go over the various costs associated with storage and handling charges that may be incurred during the shipment process.

LEARNING OBJECTIVES

This webinar will provide international logistics materials that will examine the supply chain networks and procedures that are recommended by the U.S. Customs and Border Protection authorities when conducting the logistic transactions in this global market.

AREAS COVERED

• What are the terms that can be used for inland and sea transactions?
• Which party should purchase marine insurance for each shipping element before delivery operations?
• How can each party reduce the risk of losses and damaged goods during shipment?
• Which party is responsible for paying the cost of carriage when various intermodal are used in the channel of the distribution process?
• What is the minimum obligation for each party to pay the delivery duties in the exportation process?
• Explain exporting and importing terms and formalities directly or indirectly to loading and offloading the goods.

WHO WILL BENEFIT?

This webinar will provide valuable insights to:

• Exporters, Importers
• Sales and Marketing Managers
• Purchasing Managers
• Freight Forwarders
• Logistics, Customs Brokers
• Carriers, Credit Managers
• Controllers, Insurers
• Trade Consultants
• International Bankers
• Attorneys and Legal Staff

Others Details

This Incoterms 2023-webinar will address how the exporter must know the condition of the point of the exporting and importing transaction prior to the exportation process.