Incoterms® 2020 – Security Settlement (DCS) & L/C – Bank Payment Obligation (BPO)

Detailed Description

The program introduces you to the special terminology and techniques of exporting. You will be trained in the revised INCOTERMS ® 2020 International Freight Terms and the International Modes of Settlement of Bill of Lading value. Knowing the correct use of modern practices and financial tools of International Trade will help you to strengthen the international competitiveness of your business.

We analyze the International Terms of Delivery of Goods INCOTERMS ® 2020, focusing on the obligations that they impose on traders. We highlight the underlying challenges, proposing appropriate management methods for each situation. We familiarize the participants with the International Payment Methods, the procedure and the types of Settlement of “Values” (Collections). We delve into the operation, “fine points” and types of the Letter of Credit (L/C) and evaluate the solutions offered by the Bank Payment Obligation (Bank Payment Obligation) – the new payment method in International Trade.

Duration: 14 hours

What does the Training Program provide ?

Topics:

• When are goods ‘delivered’ to International Trade?
• The revised International Commercial Terms Incoterms ® 2020
• The Changes in relation to Incoterms ® 2010. What issues are not dealt with
• The Obligations imposed on the Trading Parties regarding the Transportation, Customs Clearance and Insurance of the goods
• Ownership Issues & Risk Management During Transportation
• Practice hypothetical Scenarios to better understand the Terms
• Payment Risks in International Trade and How They Are Treated
• International Payment Methods for merchandise values
• Management of Open Sales – Open Account
• Arrangements against Documents – Collections. Types of Documents, “Values” & Acceptance
• Credit Guarantee – LC. What it is and how it works. Points that need Attention, Advantages & Commitments, Types of Credit, the Role of Banks
• Bank Payment Obligation. The new Payment Method in International Trade
• “Key Terms” & Stages of the Process. How Roles and Responsibilities are shared between the parties involved
• Comparison with other Payment Methods, Benefits for the Contracting Parties

What Is the Participation Procedure ?

• Contact us via e-mail at: tuvacademy@tuv.al
• Complete the application form
• Book your participation
• We will follow the whole process from start to finish.

Who Do I Contact for the Certification ?

Phone: +355 4 45 00 523/4

Email: tuvacademy@tuv.al