What they mean and how to pick one. Incoterms® were established by the International Chamber of Commerce (ICC) in 1921 and have become a crucial element in global trade, defining the responsibilities of buyers and sellers in international transactions. In this webinar, we’ll provide a high-level overview of Incoterms®, delve into their complexities, and simplify their application in various trade scenarios. You’ll gain a clear understanding of how to use Incoterms® to allocate risks and costs effectively, ensuring smoother international transactions.
This webinar provides insight on using the Incoterms® rules in your International Supply Chain.
You will learn:
- Applications and limitations of the Incoterms® rules
- Advantages for purchasing & procurement
- Advantages for sales & customer service
- How Incoterms® rules impact your Total Landed Cost
- Choosing & avoiding risk to maximize market advantage