In this course, you'll explore the eleven INCOTERMS 2020 established by the World Trade Organization. The content covers the key objectives and responsibilities of both buyers and sellers, ensuring you understand the implications of using each INCOTERM in international trade. You'll also learn how these terms affect everything from operational logistics to fiscal considerations in cross-border transactions.
What you'll learn
understanding of the 11 INCOTERMS 2020
knowledge of buyer and seller obligations under different INCOTERMS
ability to determine when to use each INCOTERM
insights into operational impacts of INCOTERMS on international trade
Course objectives
analyze the fundamental goals of INCOTERMS 2020
review obligations and responsibilities associated with each INCOTERM
examine the impact of INCOTERMS on customs and tax calculations