Effective Costs & Risks Planning In Incoterms Management

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Private Class from

1600/day

(2 Days)

BENEFITS

Upon completion of this program, participants will be able to:

  • Understand the types and levels of risks in Incoterms
  • Finding out ways to identity and suppress costs of Incoterms
  • Familiarising the distribution chain impact of Incoterms
  • Learning all the documentation risks involved
  • Knowing all the obligation and responsibilities between buyer and seller
  • Finding out the provisions of goods and payment of price involved
  • Applying the most effective Incoterms management method

AUDIENCE

This program is specially design for all Managers and Executives, senior levels involved in Import/Export Operation, Purchasing & Supply, Shipping & Distribution, Trade Promotions & Control, Operations & Merchandising, Finance & Administration, and Audits & Controls.

Level for Executives and above

METHODOLOGY

The session will be conducted with highly interactive lectures, simulations, PowerPoint slides presentation, discussion, case studies, group assignments, practical approach and question and answer sessions

OVERVIEW OF GLOBALISATION TRADE
  • Definition Of S.M.A.R.T Risks In Global Trade
  • Introduction Of F.A.R Elements Of Logistics Proficiencies
  • Application Of P.S.D.T Critical Terms From Buyer To Seller
MANAGING DOCUMENTATION RISKS IN COMMERCIAL DOCUMENTS
  • Dangers Of An Improper And Inaccurate Export Invoice
  • Dangers Of An Inappropriate And Inefficient Consignment Note
  • Dangers Of An Ineffective And Insufficient Supply Contracts
REDEFINING INCOTERMS IN A GLOBAL TRANSACTION
  • Understanding The Purpose And Scope
  • Understanding The Terminologies And Terms
  • Understanding The Costs And Risks Path
STRATEGISING INCOTERMS PRINCIPLES AND PRACTICES
  • The Closure Of The Seller’s And Buyer’s Gap
  • The Division And Diversion Of The Costs And Risks
  • The Responsibilities And Obligation Of Buyer And Seller
THE SHORTFALLS AND PITFALLS OF THE INCOTERMS CHAIN
  • Criteria Of Selection Of Chain Members
  • Formation Of Function Process And Score
  • Classification Of Sea, Air And Ground Terms Of Sale
MANAGING THE OPERATIONAL RISKS IN INCOTERMS CHAIN
  • Term Of EXW And Factors Of Cargo Loading
  • Term Of FCA And Factors Of Carrier Nomination
  • Term Of CIP And Factors Of Multimodal Transport
  • Term Of DDP And Factors Of Customs Formalities
METHODS OF EFFECTIVE MANAGEMENT OF INCOTERMS
  • Familiarising The Variables Of Compliance And Control
  • Managing The Provisions Of Goods And Payment Of Price
  • Managing The Transfer Of Risks And Division Of Costs
GROUP ACTIVITIES AND ASSIGNMENT

Trainers