Details about this catalogue item
Incoterms® is an acronym that stands for "International Commercial Terms". It is a series of three-letter trade terms related to common contractual trading practices that can be used in sales contracts. These clauses define the responsibilities and the obligations of the buyer and the seller.Course description
This eLearning course provides a general overview of Incoterms® 2020 rules from both the perspectives of the EU Customs & Tax administrations and EU traders.
Incoterms® describe the party’s responsibility for
various expenses of the delivery of goods, such
as loading the goods, arranging the transport
and insurance, processing the export and import
customs clearance etc. They also determine the
transfer of risks in the event of damage to the
goods during their transport.
Target audience
This eLearning module is addressed to economic
operators dealing with the trading of goods in the
customs territory of the European Union, and to
customs and tax officials of EU national
administrations responsible for customs clearance
formalities.
Learning objectives
The global objectives of the eLearning module are:
- Explain the particular delivery conditions of each of the 11 Incoterms® 2020 rules;
- Facilitate the choice of the most appropriate Incoterms® rule for the trading contracts according to your needs, as the seller or the buyer;
- Demonstrate how to complete the customs declaration for the release of the goods for free circulation in the EU for each Incoterms® rule;
- Explain how Incoterms® are related to the customs clearance and customs valuation;
- Highlight the benefits of the correct application of Incoterms® in trade contracts.
To benefit fully from the course and to achieve the
learning outcomes, it is recommended to integrate
it in your own training programme and develop a
blended learning strategy.
Course duration
The time required to complete the course is
around 2 h and 45 minutes.