Read Incoterms®2010 training program (the masterclasses) AABFS text version

Incoterms®2010 training program (the masterclasses)

AABFS

Incoterms®2010 training program The masterclasses

Presented by AABFS At the approval of ICC.Paris & ICC.Egypt

Mohamed Hosny Atteya © ICC.Paris Speakers Bureau

Arab Academy for banking & Financial Sciences

1Page

Incoterms®2010 training program (the masterclasses)

AABFS

The speaker

Mohamed Hosny Atteya Mostafa. ICC.Paris Speakers Bureau, he is one of the international trade experts accredited by the ICC in Paris and he works as a training expert to the Saudi ICC centre and the Council of Saudi chambers. He is also one of the international experts accredited by SWIFT. and he is one of the 24 professionals worldwide who are accredited by the ICC in Paris to give training on the Incoterms®2010 rules . He also has banking and training experience that exceeds 27 years he worked during it in the banking sector, at the American University at Cairo as a teacher for international trade and at the Saudi Arabian Monetary Agency (IOB).

Mohamed Hosny Atteya © ICC.Paris Speakers Bureau

Arab Academy for banking & Financial Sciences

2Page

Incoterms®2010 training program (the masterclasses)

AABFS

Objectives of the training program:

What is new in INCOTERMS® 2010? Why should you attend this program? 1. There are radical changes in the new rules. Four rules have been removed from INCOTERMS 2000 and two new ones were added. 2. Important details have been modified with respect to the responsibilities of the seller and the buyer in the most commonly used rules, such as FOB, CIF 3. New rules pertaining to transparency and disclosure of security information for the shipped goods. 4. Update of the specifications of the requested insurance document in rules of CIF / CIP in accordance with the latest amendments issued by the IUA / LMA. 5. The new INCOTERMS® 2010 rules have officially become for the use of domestic trade as well as foreign trade. 6. Clarification of an important point that always caused disputes which is that each shipment method has a suitable INCOTERMS® 2010 rule. For example: "CIF should not be used in the case of containerized sea transportation." 7. Dealing with double terminal handling charges in ports e.g.(loading, unloading and stowing) to avoid the buyer paying the same charges twice, once to the buyer as part of the goods' value and once again to the seaport upon arrival at the port to get release permission of the goods. 8. Preparing for the era of e-trade integration, where all documents will be issued through electronic media. 9. How to choose the appropriate INCOTERMS 2010 rule for the commercial transaction made. 10. How to use the 715 edition in the analysis and study of any misunderstanding or dispute that may arise between the seller and buyer through five workshops where discussion and analysis of several practical situations will be made.

Mohamed Hosny Atteya © ICC.Paris Speakers Bureau

Arab Academy for banking & Financial Sciences

3Page

Incoterms®2010 training program (the masterclasses)

AABFS

Topics to be addressed at the training program (masterclasses):

How to insert a Term of Delivery in sale contracts Choosing the appropriate Term of Delivery The Canceled Terms from incoterms®2000 The New rules added Classification of new terms in 2 categories instead of 4 Terms for domestic trade and other for international trade Electronic Documents New security requirements for the release of goods and the compulsory disclosure of the security information of the goods Re-sale of the goods during transport before they reach the final destination( string sales) Variant in incoterms®2010 rules Explanation of the terms used in the incoterms®2010 rules

For Whom Is This Program?

International traders (Importers, Exporters) Domestic traders (Buyers , Sellers) Employees in the departments of sales, purchases, and contracts in companies, establishments, factories and silos 4Page

Lawyers Employees in the field of cargo insurance Shipping companies and agents Banks (Departments of trade services, credit and customer service) Cargo Brokers Workers at Harbors Customs staff Trade specialists in the Ministry of Finance Trade specialists in Central Banks

Arab Academy for banking & Financial Sciences

Mohamed Hosny Atteya © ICC.Paris Speakers Bureau

Incoterms®2010 training program (the masterclasses)

AABFS

Program Contents: Module one (general rules) Objective

Introduce the new Incoterms®2010 to the Arab community of traders and trade services providers

Contents

1. Purpose and scope of Incoterms 2. How important are the "Incoterms" rules? 3. How to use Incoterms®2010 rules? 4. Main features of the Incoterms®2010 rules 5. Variants of incoterms®2010 rules 6. Explanation of terms used in the incoterms®2010 rules 7. Structure of the incoterms®2010 rules 8. Workshop to understand and practice the relation between Incoterms®2010 rules, articles

Module two (the 11 Incoterms®2010 rules)

Objective

Understand the 11 Incoterms®2010 rules

Contents

Rule by rule explanation

Mohamed Hosny Atteya © ICC.Paris Speakers Bureau

Arab Academy for banking & Financial Sciences

5Page

Incoterms®2010 training program (the masterclasses)

AABFS

Module three (practice)

Objective

1. The ability to use the incoterms®2010 rules articles (from A1 to A 10, & from B1 to B10) in problem solving

Contents

1. Exercises 2. Masterclass cases

Module four ( Incoterms in the L/C world)

Objective

Highlight the importance of incoterms® rules within L/C practice.

Contents

1. Incoterms® 2010 rules Vs. Documentary credits (UCP600 ­ ISBP681) 2. How to examine Incoterms under international L/C practice in light of ICC. Official opinions.

Duration of the Program:

Two days (14 training hours), 7 hours per day

Language of the Program:

Training program material and slides in English, explanation and discussions will be in Arabic.

Extra options:

The program could be given In House for major companies and banks.

Mohamed Hosny Atteya © ICC.Paris Speakers Bureau

Arab Academy for banking & Financial Sciences

6Page

Information

Incoterms®2010 training program (the masterclasses) AABFS

6 pages

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