Session Details

TPM Academy: Incoterms® 2020 Rules — Understanding and Application

Monday, 27 February

11:30 am - 12:15 pm (PST) / 27/feb/2023 07:30 pm - 27/feb/2023 08:15 pm
Companywide knowledge of Incoterms is fundamental to supply chain execution and financial success. Because trade terms specify the seller’s delivery responsibility under a sales contract, Incoterms impact risk transfer, who is responsible for shipping costs, landed cost calculations, calculation of gross profit, and payment for logistics services. The content of this module goes beyond the basics of understanding shipping terms to address rights and responsibilities between the seller and buyer — in both import and export scenarios — as well as the division of transportation costs between the parties. With an emphasis on the updates to Incoterms® 2020, this class will set the stage for other modules such as Ocean Freight Procurement and Maritime Cargo Insurance.   
Session Speakers