Import & Export Logistics with the global Incoterms® Rules

Name: Import & Export Logistics with the global Incoterms® Rules
Rating: 4.1 (123 reviews)

Master the world-wide used rules for Imports and Exports to improve profits, minimize risks and expand oportunities.

Created byJorge Luis Botero Bernal., Gregory Obert, Ahsan Karim

Last updated 2/2021

English

What you'll learn

Clearly identify and differentiate the existing world-wide rules for international negotiation.
Assess and avoid risks by negotiating and asssuring the risky dimensions of their international trade.
Select the most convenient negotiation profile to benefit in your own international operations.
Be prepared for international negotiations with customers or suppliers, to dominate the negotiation process and obtain the best outcome of it.
Be aware of the different dimensions of international trade endeavours, the mechanisms and organizations underneath them, and the actions to be taken to streamline smooth and reliable operations.

Course content

7 sections • 27 lectures • 1h 35m total length

IMPORTANT: Update to Incoterms rules 20200:29
Introduction1:30
We will discuss the focus and the structure of the course.

How to use the Incoterms® Rules.1:51
The correct (and the incorrect) way of using the Incoterms® Rules will be explained in detail, to avoid pitfalls and possible risks.
News and changes on the current Incoterms® Rules version.2:36
The new and current version of the Incoterms® Rules present significant changes and new dimensions regarding any other previous version.
Legal and commercial implications.3:24
Using the Incoterms® Rules imply different things for both buyers and sellers in legal and commercial aspects of their businesses. We will go through these main aspects.
Obligations and responsibilities of Buyers and Sellers2:22
The structure of the Incoterms® Rules link buyers and sellers in a set of binding obligations and responsibilities that mutually match and build up the essence of International Trade. Knowing and mastering these dimensions will allow you to completely understand the Incoterms® rules.

The VERY IMPORTANT difference between "Delivery" and Risk Transmission2:44
Fully understanding these two concepts is crucial for the correct usage of the Incoterms® rules. Their differences and similarities must be clear for any user of these rules.
Risks involved and additional considerations.2:46
The risks and possible liabilities involved in International Trade go way beyond the extent of the Incoterms® Rules. Failing to understand and foresee these risks can represent an enormous difference between a sucessful and safe international operation, or a big and expensive misfortune.
Legal framework and applicable jurisdiction.2:47
Even having the Incoterms® Rules to help with negotiation and Interational Trade agreements, there are political, economic and cultural barriers that can turn a negotiation into a difficult task. It is possible to attach a contract to a specific legal framework... but which one? We will discuss these topics here.
Conflicts and negotiation alternatives.2:37
There is no absolute guarantee for success in International Trade. When a contract fails and conflicts are faced, it is good to know these alternatives...
Commercial recommendations and tips for international trade fairs and events.3:02
These recommendation will make your life easier in your attempts to establish a contract and to make business in interntional trade fairs.
The Incoterms® 2010 Rules.3:26
From now on we will focus on the Incoterms® Rules themselves, their configuration and structure and the specific details that make each one of them a good (or bad) option for the type of business you are carrying on and the contract your are aiming to establish.

This lecture will go through the structure of the rules' sets and groups, and the particularities of each group of rules, while the following lectures will provide you a comprehensive and extensive explanation of each of the responsibilities and obligations of each and every available Incoterms® 2010 rule.

EXW - Exworks, Incoterms®2010.6:30
EXW Incoterms® 2010: Ex Works
FCA - Free Carrier, Incoterms®2010.6:20
FCA Incoterms® 2010: Free Carrier
CPT - Carriage Paid To, Incoterms®2010.6:05
CPT Incoterms® 2010: Carriage Paid To
CIP - Carriage and Insurance Pad To, Incoterms®2010.5:59
CIP Incoterms® 2010: Carriage and Insurance Paid To
DAP - Delivered At Place, Incoterms®2010.5:25
DAP Incoterms® 2010: Delivered At Place
DAT - Delivered At Terminal, Incoterms®2010.4:51
DAT Incoterms® 2010: Delivered At Terminal
DDP - Delivered Duty Paid, Incoterms®2010.5:44
DDP Incoterms® 2010: Delivered Duty Paid

Tools0:12
Tools to easily identify the main responsibilities and obligations of each rule, as well as helping to choose the right rule depending on the transportation mode and other aspects.

Also, a visual representation of the supply chain and the extension of the dimensions of each trading rule:
Transportation
Insurance
Information and notifications
Risks
Downloadable files0:03
Downloadable files for future reference on the details, responsibilities and obligations of each rule.

Requirements

Basic understanding of business-related terms are expected, but not required.

Description

[ Note: this course does not participate in the regular Udemy discounts, it has a fixed price. If you are interested in purchasing it, feel free to go for it now or later: price remains constant ]

Master the world-wide used rules for Imports and Exports to improve profits, minimize risks and expand oportunities.

The international logistics involved in Import and Export operations are so important that International Organisms have dedicated decades to design and improve a set of rules to allow Buyers and Sellers to negotiate with clarity, ease and safety.

We will go through all the context and background behind these rules, how to apply and use them, and we will also go deep into the risks involved and the precautions needed to take into consideration to make international trade and business in the easiest, safest and most profitable way.

the course will be divided in two general sections. The first section will be centered in understanding the international, commercial and operational context in which these rules are used:

The following topics will be addressed in the first section:

International context
What these rules are and what they are NOT.
Specificities of the the new and only valid version of the rules.
Legal and commercial implications and responsibilities of Buyers and Sellers.
Risks and alternatives.
Tips and recommendations for international negotiation and trade fairs and events.

The second general section will address the following topics:

Details of each of the available rules.
Obligations and responsibilities of Buyers and Sellers within each of the available rules.
Risks and risk mitigation possibilities within each of the available rules.

Welcome!

Who this course is for:

Anyone interested to have a clear understanding of how to negotiate internationally and arrange the terms of a global sale or purchase.
Professionals who want to refresh or strengthen their knowledge about international trade.
Students of international business, supply chain management, business management or other related disciplines.
Entrepreneurs and business owners who purchase or sale globally as part of their business.

Import & Export Logistics with the global Incoterms® Rules

What you'll learn

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Course content

PART 1: Introduction2 lectures • 2min

What is this about?2 lectures • 4min

Understanding and using the Incoterms® Rules.4 lectures • 10min

Additional important considerations in International Trade6 lectures • 17min

PART 2: Incoterms® 2010 Rules for any transportation mode.7 lectures • 41min

Incoterms® 2010 Rules for maritime and fluvial transportation.4 lectures • 21min

Tools, downloadables and other resources.2 lectures • 1min

Requirements

Description

Who this course is for: