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.
Key stakeholders and their roles
Michael walks attendees through common trade scenarios, and what each party is responsible for. This is helpful in understanding your role as a buyer or seller, and in identifying organizational responsibilities. That’s the first step in figuring out how to mitigate the risks that you’re taking on!
- Identifying key stakeholders in trade compliance and their roles
- Understanding the impact of stakeholder engagement on compliance success
- Strategies for securing buy-in from different levels of the organization
- Building a culture of compliance that aligns with business objectives
This webinar will be accredited for 1 LCB/CCS/MCS/CES/MES CE credit.