C1.3—Working with Incoterms, Including Practical Concerns & Forwarder Issues at Time of Shipment (2020)

Subscriber price: $150.00, Non-subscriber price: $195.00
Estimated total study time: 11 hours 35 minutes [Enroll now]

This course will provide practical understanding of the most commonly used Incoterms (delivery terms), including problem areas that can arise at the time of shipment and how best to address such problems.

Note: The full content of this course is also included in the GISTnet course C1—Export-Import Transaction Fundamentals; Using Incoterms (2020). We recommend this course for a more comprehensive introduction to import-export transactions. For entry-level forwarder personnel, we also provide a short course, C1.2—Introduction to Incoterms for Forwarders & Customs Brokers (2020).

Overview of Incoterms

This lesson provides a overview of the primary characteristics of each group of Incoterms, and concludes with a matrix showing the respective responsibilities of seller vs. buyer for each Incoterm.

(Estimated study time: 1 hour 12 minutes)

Seller and Buyer Responsibilities Common to All Incoterms

(Estimated study time: 41 minutes)

Passage of Risk; Responsibility for Arranging Transportation and Notification

(Estimated study time: 1 hour 19 minutes)

Trade Term Citation Particulars Required

(Estimated study time: 1 hour 4 minutes)

EXW Issues and Concerns

(Estimated study time: 1 hour 5 minutes)

"F" Terms Issues and Concerns

(Estimated study time: 51 minutes)

"C" Terms Issues

(Estimated study time: 40 minutes)

"D" Terms Issues

(Estimated study time: 49 minutes)

Incoterms Matrices; Practice Determining Respective Obligations and Costs under Each Trade Term

(Estimated study time: 1 hour 2 minutes)

Freight Forwarder Challenges with Shipment Planning and Quotation

(Estimated study time: 1 hour 15 minutes)

Freight Forwarder Challenges with Trade Terms at Time of Shipment

(Estimated study time: 50 minutes)

Challenges with Trade Terms at the Time of Shipment, cont.

(Estimated study time: 46 minutes)