Mastering Incoterms 2020 In Import Export Management

20 May, 2021, Webinar Classroom Training

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MR. STEPHEN KUM (MBA, U SA) is a fellow of The Institute of Freight Association, The Institute of Logistics & Transport, The Institute of Business Administration, Professional member of Global Logistics Supply Chain Alliance and former Vice Chairman of Persatuan Logistik Selangor.

 

He has more than 30 years of hands-on experience in the fields of international trade, global procurement, freight operation and logistics supply chain management. He is consultancy expertise relates to INCOTERMS execution, trade documentation, suppliers development, shipping risks and logistics strategies. He was the Managing Director of a global logistics provider with network in U K, U SA, Australia and Asia. Held various contractual senior positions as Country Manager of Esprit Shipping (HK), Sales Director with Karl Schroff Associates (US) and Area Manager with Port Cargo International (UK). Associated with Cambridge International College as their Training Consultant, Program Examiner with Durham Logistics College and Resident Consultant with TPL Global Chains Management.

 

He has been involved in corporate training and executive’s development since 2002 for manufacturers (Proton, Petronas, etc), multinational companies (National Semiconductor, Revertex, etc), brand leaders (Goodyear Tyres, Mitsubishi, etc), academy of learning and development (OCBC Trade Academy, Boustead Naval Academy, etc). H is embassy clientele includes trade divisions of Nigerian Embassy, Sudan Embassy and Royal Thai Embassy in Kuala Lumpur. He has developed shipping programs for Institute Technology Multimedia, logistics program for Sentral City Institute, freight management program for PSNB and Open University Malaysia. Post graduate courses in supply chain management for Camden University and export management for Metropolitan University organized from Kuala Lumpur.

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Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

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03 2283 6101
Jane@ipa.com.my

ADDRESS 
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No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
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FOCUSING ON
  • The 4D’s Roadmap of Incoterms Strategic Planning
  • The Simplified Operational Factors of the 4C’s
  • The Comparison Illustration of Incoterms 2010 and 2020
  • The appropriation and familiarization of trade documents
INTRODUCTION

The International Commercial Terms (ICC 2020) rulings are to be used in the contract of sale of goods effective in the year 2020. Highlights being the change of name in DAT to DPU (Deliver to place unloaded). Additional important obligations in FCA, CIP, CIF, DAP, DDP and resolutions on cyber security-related matters and insurance.

 

The contemporary business landscape changes has created a proliferation of additional trading risks and costs across the borderless territories. In these crucial risk gaps, proper understanding and application of Incoterms would contribute to a viable contingency plan in and out of the distribution chain. A stronger defensive resolution would be in place against all contractual predicaments.

COURSE OBJECTIVES
  1. Understanding the provisions and resolutions of Incoterms 2020.
  2. Learning the contractual and operational constraints of Incoterms.
  3. Managing the risks and costs in the Incoterms distribution chain.
  4. Anticipating the forth coming changes of 2020 Incoterms.
WHO SHOULD ATTEND
A mandatory and competency course for Managers, Executives in the department of Finance, Costing, Planning, Logistics, Shipping, Procurement, Business Development, Customer Service.
METHODOLOGY
  • Interactive Lectures
  • Case studies
  • Group assignment
  • Group interactive activities
COURSE OUTLINE
9:00

OVERVIEW OF INCOTERMS IMPLIED UNDERTAKINGS AND DISPUTE FACTORS

  • The 4D’s of Define, Design, Detect, Defend in planning stage
  • The 4C’s of Carriage, Customs, Contracts, Control in the chain
  • The 4T’s transaction terms of Payment, Sales, Delivery, Title
 

CATEGORIZING THE MAIN GROUPING OF THE 11 INCOTERMS USAGE

  • By sea and water-way transport versus other transport modes
  • By other obligatory modes with cargo unloaded at destination
  • By other delivery options at arrival with customs clearance
10.45

PLOTTING THE COSTS AND RISKS LINES BETWEEN SELLER AND BUYER

  • The positioning of the port, point, place and premise
  • The allocation of the first carrier and forwarders nomination
  • The interpretation of port to port and door to door delivery
1.00 Lunch
2:00

THE RULINGS OF CONTROL AND COMPLIANCE FACTORS PROVISIONS

  • The contract sales and contract of carriage
  • The transfer of risks and allocation of costs required
  • The tendering and terminating of delivery obligations
3.45

INCOTERMS 2020 RULINGS AND RESOLUTIONS

  • Demarcation and substitution of the Sale Contract
  • Renaming DAT to DPU (delivered at place unloaded)
  • Application of the shipping terms On Board in FCA
  • Application of the shipping VGM under the SOLAS
  • Listing of all costs related to sale of goods sold
  • Specification of the ICC marine cargo clause in CIF, CIP
  • Provision of information in cyber security-related areas
  • Arrangement of own transport in FCA,DPU,DAP,DDP
  • Precaution guidelines on Incoterms Do’s and Don’t’s
5.00 End of Course