International Commercial terms (incoterms) & Its Application to Malaysian Import/Export.

About Course

Incoterms, widely-used terms of sale, are a set of 11 internationally recognized rules which define the responsibilities of sellers and buyers. Incoterms specify who is responsible for paying for and managing the shipment, insurance, documentation, customs clearance, and other logistical activities. This course will provide a step by step explanation on the 11 incoterms introduced by the ICC in its latest edition called Incoterms @2020 which came into effect on 1.1.2020. and how to apply these terms to international trade in general and Malaysian Customs in particular.

Brochure

— Course Fee: RM 790.00 (Inclusive of 8% Service Tax) —

Understand & apply the concept of Incoterms on goods exported from and imported into Malaysia
Cost saving by applying the correct incoterms for goods on international trade
Differentiate between incoterms for sea mode and multi-modal transport
How risks are transferred from seller to buyer upon completion of delivery of goods
More importantly, how to use the correct Incoterm for Customs Import/Export declaration and avoid mistakes which can be costly to bear

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