|Date||:||16 November 2020|
|Time||:||09:00 am - 12:30 pm|
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 have 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 is in place against all contractual disputes and costly mistakes.
WHO SHOULD ATTEND
A mandatory and competency course for managers, executives in the department of Finance, Costing, Planning, Logistics, Shipping, Distribution, Procurement, Business Development, Customer Service and Order Management.
Remote online learning – virtual classroom
|Module 1||Overview of Incoterms implied undertakings and dispute factors
|Module 2||Understanding the contractual and volatile scope of Incoterms
|Module 3||Familiarizing the major terminologies of Incoterms and shipping
|Module 4||Categorizing the main grouping of the 11 Incoterms usage
|Module 5||Positioning the aggregate terms into Air, Sea, Ground execution
|Module 6||Plotting the costs and risks lines between buyer and seller
|Module 7||The 2010 ruling of Chain of Custody and String Sales transaction :
|Module 8||The 2010 ruling of control and compliance factors provisions :
|Module 9||Incoterms 2020 rulings and resolutions
Stephen Kum Foong Sang
Stephen Kum Foong Sang (TTT 0484)
Corporate Trainer and Management Consultant,
Stephen graduated with Master of Business Administration from Newport University, United States. He is a fellow of the Institute of Freight Forwarders (UK), The Institute of Logistics & Transport (UK), The Institute of Business Administration (UK), Professional Member of Logistics & Supply Chain Management Society and former Vice Chairman of Persatuan Logistik Selangor. His consultancy expertise relates to implementing logistics strategy, criteria in selection of carriers, supply chain integration and Incoterms contracts.
He has more than 28 years of hands-on experience in the field of international trade, global procurement, freight and logistics supply chain management. His consultancy expertise relates to implementing logistics strategy, criteria in selection of carriers, supply chain integration and Incoterms contracts.
He held various senior positions as Managing Director of a global logistics service provider with regional offices in United Kingdom, United States, Australia and Asia. On contractual appointment, he was the Country Manager with Esprit Shipping (HK), Sales Director with Karl Schroff Associate (US) and Regional Manager with Port Cargo Ltd (UK). His affiliation includes Cambridge International College (UK) as their Logistic Program Examiner and Durham Logistics College (UK) as their Program Consultant. Currently, a Resident Consultant for SCS Consultation Services (UK) and TPL Global Chains Management (US).