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Masterclass: Incoterms ® 2020 Rules: 06 Nov, Jhb

IT’S OFFICIAL… Incoterms ® 2020 has been released!

To accommodate changes as the global trade environment has evolved, a revised version of the Incoterms ® rules [Incoterms ® 2020] has been released by the ICC which will take effect from 1 January 2020.

Incoterms ® are fundamental to international trade, providing a set of contract terms for international trade and delivery of freight. The Incoterms ® 2020 is a must know for all parties involved in any form of international trade and needs to be clearly understood in order to ensure compliancy and clearly define the seller & buyers' responsibilities, risks and costs. This one-day programme will include:

·        The current Incoterms ® 2020 rules in detail

·        What are the key changes in the latest Incoterms ® revision?

·        How to implement these rules into every contract of sale

·        Which Incoterms ® 2020 to quote in order to zero rate VAT on exports

·        Understanding the delivery of every Incoterm from EXW – DDP

·        Why traders would choose one set of Incoterm rules over another

·        How to insert Incoterms ® 2020 into your import and export costings

·        Commonly misused terms and how to avoid the consequences

·        Practical exercises


For more information, please visit www.vicenda.co.za or contact:

Email: karl@vicenda.co.za

Tel: 010 500 1006