Incoterms 2010 and Letter of Credits UCP 600

Course Objectives

 Understanding the provisions and classification of Incoterms 2010  Learning the contractual and operatives constraints of Incoterms  Managing the risks and costs in the Incoterms distribution chain  Knowing the 4D’s roadmap of incoterms strategic planning  Understanding the simplified operational factors of the 4C’s  Being familiar with the comparison illustration of Incoterms 2000 and 2010  Knowing the advantage attributes of incoterms contractual documentation  Understanding the operatives of documentary credit and documentary collection in import export trade.  Familiarising the shortfalls and pitfalls of trade payment in the transportation chain from exporter to importer.  Learning the trade documentation and shipping operation risks from pre-departure to postarrival of shipment.

Target Audience

Designed for all executives and managers in procurement & supply; finance & cost control; marketing & customer service; logistic & distribution, shipping & receiving, finance and costing, trade payment, finance, sales, export operations, credit control and order management.

Methodology

This stimulating program will maximize understanding and learning through lectures, discussions, group interactive activities, case reference, workshop-based seminar with practical assignments and case study appreciation. Presented in PowerPoint and course notes.

Course Modules

• Module1: Overview Of Incoterms Implied Undertakings And Dispute
• Module 2: Understanding The Contractual And Volatile Scope Of Incoterms
• Module 3: Familiarizing The Major Terminologies Of Incoterms And Shipping
• Module 4: Categorizing The Main Grouping Of The 11 Incoterms Usage
• Module 5: Positioning The Aggregate Terms Into Air, Sea, Ground Execution
• Module 6: Plotting The Costs And Risks Lines Between Seller And Buyer
• Module 7: The 2010 Ruling of Chain of Custody and String Sales Transaction
• Module 8: The 2010 Ruling Of Control And Compliance Factors Provisions
• Module 9: The Principles Of Documentary Credits/Collection And Method Of Payment Commonly In Use
• Module 10: The Common Conditions Of L/C And Prevailing Instruction Discrepancies In Existence
• Module 11: The Comparison Levels Of Various Methods Of Payment Used In International Trade
• Module 12: The UCP 600 Implementation & The Standard Of Examination Documents From Bankers
• Module 13: The Prevailing Conditions Of Using Documentary Collection In International Trade
• Module 14: Awareness Of Types Of Risks In The Financial And Commercial Circles In International Trade