Skip to content

Incoterms 2020 Refresher (INCR)

A refresher on the importance of understanding the cost & risk of each trade transaction in the logistics environment.

SAQA Unit Standards

252437 Interpret and apply International commercial terms. Level 3 Credits 3.

Who you will learn from

An industry and subject matter expert who’ll guide you through your course content, and answer any subject matter questions you might have.

  • Role players – seller, buyer, bank, ports, customs, freight forwarder, clearing agent, governments etc.
  • International Commercial Terms: Incoterms® 2020 – importance of understanding the cost & risk of each trade transaction in the logistics environment.
  • The definition of the precise point at which the seller of goods in international trade “delivers” those goods to the buyer.
  • Explaining the duties & obligations of the seller & the buyer respectively with regard to the movement of goods and their responsibilities, risks and costs.
  • Definitions: EXW, FCA, FAS, FOB, CFR, CIF, CPT, CIP, DPU, DAP, DDP.
  • Usage of correct Incoterm for Air, Sea, Road.
  • Visual simulation of each incoterm.
  • Visual simulation of different trade transaction.
  • Visual simulation of decisions made as a buyer, seller or freight forwarder in different scenarios.

Additional Info:
NQF Level: 3
Credits: 3

Learning Methodologies:
MethodCodeDur.Price *
BlendedINCRHalf day950.00
OnlineN/A

*All prices are excluding VAT.

Contact training@metrominds.co.za
for group pricing

Apply Now

Please fill in the form below, and submit your information. Our team will follow up and start your online application.

nEed more Info

Please fill in the form below and our team will be in contact.