Incoterms® 2020 Training

World Trade Centre Vancouver (a subsidiary of the Greater Vancouver Board of Trade) has partnered with the Forum for International Trade Training (FITT), and the Canadian Chamber of Commerce to bring you training on the newly released Incoterms® 2020.

The International Chamber of Commerce Incoterms® rules are the world's essential terms of trade for the sale of goods. Incoterms® are used in contracts to clearly communicate the obligations, costs, and risks associated with the transportation and delivery of goods. This guidance provides clarity for sellers and buyers and helps facilitate trade.

This Incoterms® 2020 Training course is designed to help exporters, importers, sales staff, contract experts, shipping and receiving personnel, trade finance specialists, trade compliance managers, and other supply-chain professionals gain an understanding of the latest edition of the Incoterms® rules (which come into effect on 1 January 2020). The course will provide background, detail of Incoterms® 2020 Definitions/Rules and Obligations, and detail the main changes that are taking effect.

Companies and professionals attending the session will:

• Understand how to properly incorporate Incoterms® 2020 into pro forma invoices and sales contracts
• Identify the correct Incoterms® 2020 rule for specific transactions
• Identify corporate sales strategies that lower risks and costs
• Determine the obligations, risks and costs for both sellers and buyers
• Avoid common errors when using Incoterms
• Use Incoterms to the company's advantage

This professional training is excellent for beginners and will also serve as an in-depth refresher with important updates for experienced professionals.