From Seller to Buyer: A Comprehensive Guide to Incoterms 2020″

Bombay Chamber of Commerce & Industry is organizing a Virtual session on “From Seller to Buyer: A Comprehensive Guide to Incoterms 2020”.

Context:

Incoterms, short for International Commercial Terms, are standardized rules by the ICC for global trade. They define responsibilities, risk transfer, delivery, and cost allocation between buyers and sellers. Understanding and using Incoterms correctly is crucial in international business, helping select the right term based on transport, insurance, and control preferences, reducing disputes. This also includes practical examples and case studies. Legal implications and documentation requirements are highlighted, stressing the need for proper incorporation into contracts and specific documentation for each Incoterm. Incoterms are a vital framework for clear and efficient international trade.

This session intends to cover all the major aspects of Incoterms 2020 for both buyers and sellers.

What will this session cover?

• Introduction to Incoterms: Provide a brief overview of what Incoterms are and their purpose in international trade.
• Understanding the meaning, obligations, and responsibilities for both the buyer and the seller.
• Discussing the transfer of risk, delivery obligations, and cost allocation.
• Selection of the most suitable Incoterm for their specific trade transactions, considering factors such as mode of transport, insurance coverage, and desired level of control.
• Common misconceptions and pitfalls , common misunderstandings or misconceptions related to Incoterms, and provide guidance on how to avoid potential pitfalls or disputes.
• Practical examples and case studies demonstrating how different Incoterms can be used in various trade scenarios.
• Legal implications and documentation: Discuss the legal implications of using Incoterms, including the importance of incorporating them correctly into contracts and the necessary documentation required for each Incoterm.

Speaker Profile :

Ms. Manisha Thaker – Vice President Trialliance Global Solutions India Pvt Ltd , EXIM faculty , Corporate trainer in Exports Imports and Logistics Supply Chain Management with more than 20+ years of Industry experience. She is Specialized in handling exports of dangerous goods , breakbulk and project cargo and award winner as ‘’ Gujarat Women Leader ‘’ recognized by World Women’s Leadership congress and She has added stars to her professional career as receiving awards from Associations and federations as ‘’The Most Innovative company in projects and quality excellence in customer service.

Proposed program :

For any assistance contact:

Mr. Siddhesh Pawar, siddhesh.pawar@bombaychamber.com
T: +91 9372553716

For any trade queries or partnerships contact:

Mr. Pravin Rane, pravin.rane@bombaychamber.com
T: 022-61200219 / +91 9594971479