Need a refresher on international trade law? Make sure you are up-to-date on the most recent updates on the International Commercial Terms rules and regulations.
Need a refresher on international trade law? Make sure you are up-to-date on the most recent version of the International Commercial Terms rules and regulations for 2020. Many sellers and buyers are unfamiliar with what is required to handle a shipment from A to Z. They may be relying on the other's expertise when, in fact, there are gaps in information. For U.S. imports, many sellers do not fully understand U.S. customs processes and destination handling and the buyer (U.S. importer) does not fully understand the processes involved at the origin. For U.S. exports, the same applies. U.S. based sellers (exporter) may have difficulty handling the destination customs processes and buyers do not fully understand what's required in the U.S. This topic helps the buyers (importers) and sellers (exporters) understand the process of an international shipment and then to understand the risks and costs involved for each party under each Incoterm. This will allow the shippers to protect themselves financially by formally establishing expectations for each party in regards to the shipment process. This information is critical for U.S. buyers (importers) and sellers (exporters) so they can make informed decisions about the terms of sale before signing a contract with any company.
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Agenda
Incoterms 2020
What Are Incoterms?
- Why Are They Necessary?
- How Are They Used?
- What Is New for Incoterms 2020
What Services Are Required to Arrange a Shipment?
- Origin Services
- Freight
- Insurance
- Destination Services
What Do These Different Terms Mean?
- Names
- Definitions
Most Frequently Used
- Benefits
- Problems
As a Forwarder, Which Are Our Favorite and Least Favorite?
- Why?
- Personal Experiences
Special Notes
- Terms With Special Definitions, Related to Incoterms
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Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on January 9, 2020.
Call 1-866-352-9540 for further credit information.
- CPIM/CFPIM/CSCP 1.0
- This program may qualify for 1.0 certification maintenance points toward the CSCP, CPIM and CLTD designations through The Association for Operations Management.
- ISM 1.5
- Participants who successfully complete this program will receive 1.5 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Jane Taeger
Vandegrift, Inc.
- Head of Trade Compliance Services at Vandegrift, Inc., A Maersk Company
- Joined Vandegrift as Director Brokerage Operations in 2017, and became Head of Trade Compliance Services in 2019
- A licensed broker since 1987, she began her career with F.W. Myers, and has held positions at BDP International, Kuehne & Nagel, and Samuel Shapiro & Company
- Most recently, she was the North American Trade Compliance Manager at Danfoss, and successfully gained the company’s acceptance as one of the original 7 pilot members in the trusted trader program
- Has presented multiple seminars on a variety of trade topics for importers and exporters, and has been a featured speaker for industry groups as well as a guest lecturer at the University of Baltimore and Loyola University
- Member of the International Compliance Professionals Association, and has served as a member of the Bond Working Group for COAC, and on the Harmonized Tariff System Advisory Committee and the 10+2 committee for the American Association of Exporters and Importers
- Also worked extensively with the National Education Institute of the National Customs Brokers and Forwarders Association of America developing educational materials
- B.A. degree in mathematics, Duke University
- Can be contacted at 410-230-0373 or [email protected]
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