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Understanding Incoterms

(Conducted in English)
  Programme Details

Upcoming Classes 
Total Training Hours: 7

Date: 30 Nov 2020 (Mon)
Time: 9.30am - 5.30pm

Incoterms are a set of standardised international rules for the interpretation of trade terms, published by the International Chamber of Commerce and updated regularly. It is highly recommended for businessmen who make use of incoterms on a regular basis to have an updated, thorough understanding in order to reduce any potential risks while engaging in trading activities.

Course Content / Structure
• Purpose & Scope of Incoterms
• Why Revision of Incoterms
• Incorporation of Incoterms into the Sales Contract
• The Structure & Variations of Incoterms
• The Seller’s Delivery Obligations
• Passing of Risks & Costs Relating to the Goods
• The Buyer’s Options as to the Place of Shipment
• Customs Clearance
• Packaging & the Inspection of Goods
• Mode of Transport & Appropriate Incoterm 2020
• Bill of Lading & Electronic Commerce
• Non-negotiable Transport Document instead of Bills of Lading
• ICC Arbitration

Assessment and Certificate
Participants who fulfill at least 75% attendance for the whole course will be awarded Certificate of Attendance. There is no assessment for this course.

This course is suitable for traders or any persons engage in the processes of goods transportation, cost allocation, insurance matters etc.

Full Course Fee
Full Course Fee with 7% GST 

Non-members who are keen to sign up for this course will need to pay a non-refundable $53.50 (inc. GST) membership fee.

SDF Training Grant* is available for Singapore Citizens / PRs sponsored 
by local associations and SMEs. 

Course fee can be made using SkillsFuture Credit.

For more information on funding, please click
*Terms and conditions apply. 

Contact Us
Tel: 6334 1080

111 North Bridge Road 
#06-05/06, Peninsula plaza
Singapore 179098

Download Enrolment form

*SCCIOB reserves the right to cancel or postpone the course, change the trainer and venue due to unforeseen circumstance


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