You can not trade with out knowng the International Commercial terms."Incoterms" is a registered trademark of the International Chambers of Commerce.

Credits 3

Unit Standard 252437

Understanding international Incoterms is a vital part of international trade for both the buyer and the seller, and the trader and shipping service providers.

Incoterms determines the exact geographical point of handover of cost and risks, and also determines the obligations of the two parties to the sales contract.

Good shipping service providers are able to best advise their clients on the most suitable Incoterm to use for a given trade deal and help their clients implement the requirements of that Incoterm.

This one day course will give you complete understanding of international Incoterms standards according to the South African Qualifications Authority framework.