Webinar: Incoterms® - Minimize Your Supply Chain Risk

Date: May 1, 2024
Time: 12:00 - 1:00 pm ET
Cost: FREE for certified, student & affiliate CITT members, $75 for non-members

Developed by the International Chamber of Commerce, Incoterms® are recognized worldwide as international ‘shipping terms of sale,’ providing importers and exporters with a set of standard rules for deciding where costs and risks will transfer between the parties in international shipping.

Despite being in use since 1936, many importers and exporters do not use Incoterms®, or use them inappropriately, increasing the likelihood of disagreement over costs, and increased liability. A recent survey of Canadian organizations revealed that 87% of companies selecting an Incoterm for containerized shipments were selecting the wrong term. And an earlier study involving 1,000 international freight forwarders showed that almost 50% of forwarders were using Incoterms® inappropriately when shipping goods in ocean containers.

This webinar examines the merits of each of the eleven terms in Incoterms® 2020, including the transfer points for cost (i.e. freight, insurance and customs formalities), and risk. We also review the appropriate use of Incoterms® for various modes of transport, including containerized marine shipments, and the point where cargo insurance should be considered. Presented by Laurie Turnbull, MSc, CCLP - Professor of Global Supply Chain Management, Conestoga College Institute of Technology and Advanced Learning.

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By watching this webinar, you'll gain:
•    Improved knowledge of the risks associated with international trade
•    Awareness of the benefits associated with using Incoterms for international shipping
•    A better understanding of which Incoterms are most appropriate for different modes of transport
•    Knowledge of who pays for what costs associated with each Incoterm
•    Peace of mind knowing you’ve protected your company’s interests, and yours

Presented by:

Laurie Turnbull, BSc, CCLP
Professor, Global Supply Chain Management
Conestoga College

Note: This webinar is presented for general information purposes only and does not qualify as an International Chamber of Commerce (ICC) training event.

Incoterms® is a trademark of ICC. Use of this trademark does not imply association with, approval of or sponsorship by ICC unless specifically stated above. The Incoterms® Rules are protected by copyright owned by ICC. Further information on the Incoterms® Rules may be obtained from the ICC website iccwbo.org.