ICC Incoterms 2010 - The Logistics...
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OVERVIEW LECTURER CLP 840 ICC Incoterms 2010 The newest set of international trade terms are the Incoterms® 2010 rules created by the International Chamber of Commerce which define responsibilities, risks, and costs of the seller and buyer for delivery of goods under sales contracts. The new Incoterms® rules take into account the latest developments in commercial practice, and the updates, add two new rules and deletes four of the former rules. With effect from January 1, 2011, the updated rules became effective. These trade terms provide a uniform set of rules to assist buyers and sellers in stating each party's obligations under an international contract. The rules have been developed and maintained by experts and practitioners brought together by ICC and have become the standard in international business rules setting. They help traders avoid costly misunderstandings by clarifying the tasks, costs and risks involved in the delivery of goods from sellers to buyers. Incoterms® rules are recognized by UNCITRAL as the global standard for the interpretation of the most common terms in foreign trade. The Incoterms rules are an internationally recognized standard and are used worldwide in international and domestic contracts for the sale of goods. First published in 1936, Incoterms rules provide internationally accepted definitions and rules of interpretation for most common commercial terms. They streamline and remove some of the ambiguity that can occur in a contract especially when parties speak different languages. They provide a basis for dispute resolution. Attend the Seminar on ICC Incoterms® 2010 rules to understand the major revisions of these terms and how you can use them effectively in doing business. ®"Incoterms" is a trademark of the International Chamber of Commerce Mr Thomas Sim is the Group Chief Executive Officer of International Freight Consultants (S) Pte. Ltd. He is presently the 1st Deputy Chairman of the Singapore Logistics Association and in addition, chairs the Training & Development Committee. He is also elected the Chairman of FIATA Advisory Body Vocational Training (ABVT) which oversees National Associations' training programs in over 118 countries, assisting to setup and qualifying the standards of international freight forwarding & logistics training materials/curriculums, and the eventual FIATA Validation of their national training programs. He also chairs the Working Group on Education & Training under that ASEAN Federation of Freight Forwarders Associations (AFFA). Thomas represented the UNCTAD, UNESCAP, ADB, AFFA, FIATA-ABVT/FFVT and many international organizations as resource person and master-lecturer to develop and deliver the Training-of-the-Trainers (TOT) and numerous capacity-building programs spanning Latin America/Mercosur, Middle East/Africa, E.U./Russia, Asia/CAREC/ASEAN and the Pacific. He sits in the Singapore Nee Ann Polytechnic's Multidiscipline Engineering Division Advisory Committee (MEDAC), and has been the Deputy Chairman of the Business & Services Academic Advisory Committee with the Institute of Technical Education (ITE), Singapore, assisting in the development, review and qualification of the logistics technical training curriculums, in preparing the pool of Business and Logistics' Management students for the future entrants to the logistics industry. He represents the Association in the WDA's Manufacturing Generic Skills Validation Council (MGSVC) that periodically review and advises the WDA on relevant trends and practices of international and local business communities including the logistics industry as well as current knowledge and skills gaps. With Thomas's extensive knowledge and working experience, he is able to impart valuable industry knowledge to the trainees. Exporters, Importers, Sales and Marketing Managers, Purchasing Managers, Forwarders, Logistics Service Providers, Customs Brokers, Carriers, Insurers, Trade Consultants WHO SHOULD ATTEND DURATION 1 day: 9am to 6 pm, 8 hours COURSE FEE & FUNDING SCHEMES Please refer to www.tla.edu.sg or www.sla.org.sg for details. CERTIFICATION A Certificate of Attendance will be awarded upon successful completion with 75% attendance. COVERAGE ICC INCOTERMS 1980, 1990, 2000 & 2010 New major revisions to Incoterms 2010 Definition of the 11 Incoterms 2010 Review of the different groups of terms Transfer of Risk from the Seller to the Buyer Responsibility for Insurance Costs Associated with Each Term Advantages and disadvantages of each term Know the proper use of the Incoterms 2010 terms Examine the costs, responsibilities & rights associated for buyers & sellers Learn the applicable Incoterms under different transport modes Understand the critical points in Incoterms Scan QR code for more information CONTINUOUS LEARNING PROGRAMMES /20 CONTINUOUS LEARNING PROGRAMMES /19
Transcript of ICC Incoterms 2010 - The Logistics...
OVERVIEW LECTURER
CLP 840
ICC Incoterms 2010
The newest set of international trade terms are the Incoterms® 2010 rules created by the International Chamber of Commerce which define responsibilities, risks, and costs of the seller and buyer for delivery of goods under sales contracts. The new Incoterms® rules take into account the latest developments in commercial practice, and the updates, add two new rules and deletes four of the former rules. With effect from January 1, 2011, the updated rules became effective. These trade terms provide a uniform set of rules to assist buyers and sellers in stating each party's obligations under an international contract. The rules have been developed and maintained by experts and practitioners brought together by ICC and have become the standard in international business rules setting. They help traders avoid costly misunderstandings by clarifying the tasks, costs and risks involved in the delivery of goods from sellers to buyers. Incoterms® rules are recognized by UNCITRAL as the global standard for the interpretation of the most common terms in foreign trade.
The Incoterms rules are an internationally recognized standard and are used worldwide in international and domestic contracts for the sale of goods. First published in 1936, Incoterms rules provide internationally accepted definitions and rules of interpretation for most common commercial terms. They streamline and remove some of the ambiguity that can occur in a contract especially when parties speak different languages. They provide a basis for dispute resolution. Attend the Seminar on ICC Incoterms® 2010 rules to understand the major revisions of these terms and how you can use them effectively in doing business.
®"Incoterms" is a trademark of the International Chamber of Commerce
Mr Thomas Sim is the Group Chief Executive Officer of International Freight Consultants (S) Pte. Ltd. He is presently the 1st Deputy Chairman of the Singapore Logistics Association and in addition, chairs the Training & Development Committee.
He is also elected the Chairman of FIATA Advisory Body Vocational Training (ABVT) which oversees National Associations' training programs in over 118 countries, assisting to setup and qualifying the standards of international freight forwarding & logistics training materials/curriculums, and the eventual FIATA Validation of their national training programs. He also chairs the Working Group on Education & Training under that ASEAN Federation of Freight Forwarders Associations (AFFA).
Thomas represented the UNCTAD, UNESCAP, ADB, AFFA, FIATA-ABVT/FFVT and many international organizations as resource person and master-lecturer to develop and deliver the Training-of-the-Trainers (TOT) and numerous capacity-building programs spanning Latin America/Mercosur, Middle East/Africa, E.U./Russia, Asia/CAREC/ASEAN and the Pacific.
He sits in the Singapore Nee Ann Polytechnic's Multidiscipline Engineering Division Advisory Committee (MEDAC), and has been the Deputy Chairman of the Business & Services Academic Advisory Committee with the Institute of Technical Education (ITE), Singapore, assisting in the development, review and qualification of the logistics technical training curriculums, in preparing the pool of Business and Logistics' Management students for the future entrants to the logistics industry.
He represents the Association in the WDA's Manufacturing Generic Skills Validation Council (MGSVC) that periodically review and advises the WDA on relevant trends and practices of international and local business communities including the logistics industry as well as current knowledge and skills gaps.
With Thomas's extensive knowledge and working experience, he is able to impart valuable industry knowledge to the trainees.
Exporters, Importers, Sales and Marketing Managers, Purchasing Managers, Forwarders, Logistics Service Providers, Customs Brokers, Carriers, Insurers, Trade Consultants
WHO SHOULD ATTEND
DURATION1 day: 9am to 6 pm, 8 hours
COURSE FEE & FUNDING SCHEMESPlease refer to www.tla.edu.sg or www.sla.org.sg for details.
CERTIFICATION A Certificate of Attendance will be awarded upon successful
completion with 75% attendance.
COVERAGEICC INCOTERMS 1980, 1990, 2000 & 2010
New major revisions to Incoterms 2010
Definition of the 11 Incoterms 2010
Review of the different groups of terms
Transfer of Risk from the Seller to the Buyer
Responsibility for Insurance
Costs Associated with Each Term
Advantages and disadvantages of each term
Know the proper use of the Incoterms 2010 terms
Examine the costs, responsibilities & rights associated for buyers & sellers
Learn the applicable Incoterms under different transport modes
Understand the critical points in Incoterms
Scan QR codefor more information
CONTINUOUS LEARNING PROGRAMMES /20CONTINUOUS LEARNING PROGRAMMES/19
