What are Incoterms? Is it the seller or buyer who is responsible for this? And are these even needed?
As part of the Export Academy, John Harrison MIEx CMRS (Director at JH Market Strategy Ltd) delivers a workshop on understanding Incoterms rules, what they do and don’t cover and the impact on cost of goods.

Scroll down for webinar chapters and for further links on incoterms and the Export Academy.

01:40 – Supply chain responsibilities
03:36 – The Incoterms 2020 rules
05:47 – What incoterms rules do
10:39 – Responsibilities that the buyer and seller must consider in order to be compliant?
11:36 – What are the 4 groups and 11 incoterms?
16:54 – Selecting the most appropriate terms
22:44 – What does free carrier (FCA) mean?
24:30 – How does delivered at place (DAP) work?
26:15 – What isn’t covered by incoterms rules?
27:22 – Insurance and considering risk
29:36 – When does title of goods pass from buyer to seller?
32:04 – Payment terms and the agreed incoterms rule?
33:10 – Tariffs and the agreed incoterms rule?
36:10 – Intellectual property rights and the agreed incoterms rule?
37:39 – Valuing goods for customs
38:35 – Summing up what needs to be understood about Incoterms?

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