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