International Commercial Terms (Incoterms) are used in the foreign trade operation. There are 13 In-coterms used in Foreign Trade transactions. Incoterms are also called as Sales Terms. According to Incoterms, the liabilities of the Importer & Exporter is identified in case of delivery of goods. Incoterms define who is to pay the freight charges, insurance & others in Foreign Trade transactions.
How participants will benefit after the course
It provides guidelines of delivery of goods or services.
It gives a outline to the Importer and as well as Exporter about their liabilities.
It also gives outline in relation to different types of transport documents.
People will know which Incoterms is applicable in terms of Export and Import.
Workshop topics to be covered:
1. Brief discussion on In-coterms.
2. The liabilities of Importer & Exporter in relation to In-coterms.
3. Common In-coterms used in Foreign Trade Transactions.
4. In-coterms used in Export & Import Business in Bangladesh.