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This class addresses the proper use of the 2010 INCOTERMS relating to export and import transactions. Course instructors will walk the class through what INCOTERMS do and what INCOTERMS do not do. In addition, the instructors will address how INCOTERMS expedite the flow of goods within a supply chain by mitigating problems associated with cultural and language barriers. The class will also focus on how applying the correct INCOTERMS promotes improved trade, customer relations, and corporate compliance.

• Overview of International Trade
  
• History of INCOTERMS
  
• Thorough Explanation of all 11 INCOTERMS
  
• Proper Use
  
• Responsibility and Liability
  
• Terms of Sale
  
• Terms of Payment
  
• INCOTERMS and Freight Responsibilities
  
• Passage of Title
  
• Revenue Recognition
  
• Marine Insurance
  
• GAAP and INCOTERMS
  
• Sarbanes Oxley and INCOTERMS
  
• Importance of Corporate Connectivity and INCOTERMS Comprehension
  
• Improving Corporate Compliance

*THIS EVENT IS APPROVED FOR 4 NCBFAA CCS POINTS*

Tracy Lenok
Phone: (877) 265-0070
Fax: (201) 265-0071
614 Progress Street
Elizabeth, NJ 07201
info@theworldacademy.com

$425.00 -- per attendee

Includes all materials, reference handouts, a copy of the 2010 ICC INCOTERMS book and a copy of Managing Global Supply Chains by Thomas Cook, continental breakfast. Payment due 2 weeks in advance of class. Cancellations received more than 2 weeks prior to the class will be fully refundable. Cancellations received 2 weeks or less prior to the class will result in a credit for a future class - valid for one year. Check or major credit card.