Managing Carriage of Goods and Incoterms
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Logistics, Warehousing and Supply Chain

Managing Carriage of Goods and Incoterms

2 days · 14hHRD Corp Claimable
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This course provides an in-depth understanding of air and sea freight dynamics, vital for enhancing competitiveness and customer fulfillment. It also focuses on the efficient and effective management of Incoterms to optimize trade transactions.

Programme Overview

The carriage of goods by air and sea plays an important role and a vital link between the commercial and statutory sectors. These transportation modes and nodes bring forth tangible and intangible value stretching the boundaries from source to supply and from production to consumption. An in-depth understanding of the air and sea movement dynamics would ensure more competitiveness strength and customer fulfillment level. Hand in hand, more efficient and effective managing of Incoterms will add mileage.

Learning Outcomes

• Understand air and sea freight procedures and practices.

• Learn the operations and documentation of air and sea movement.

• Familiarize with inward and outward cargo flow risks and costs.

• Develop empowerment in transaction and trade terms.

Who Should Attend?

• Executives and managers in shipping, logistics, distribution, and planning.

• Professionals in supply chain, finance, customer, order, supplier, purchasing, sales, and marketing management.

Course Outline

Day 1 (9:00 AM to 5:00 PM)

Module 1: Managing Carriage of Goods by Air

    • Introduction to Air Freight Conventions: Warsaw and Montreal.

    • Airfreight Documentation: MAWB, HAWB, roles and responsibilities of parties.

    • Aircraft types, airport facilities, ULDs, palletisation, and containerisation.

    • Cargo handling procedures: packing, marking, loading, unloading.

    • Cargo classification (GCR, SCR, CCR) and rate computation; carrier and agent charges.

    • Freight payment methods (PP, CC, COD) and principles of consolidation shipment.

Module 2: Managing Carriage of Goods by Sea

    • Introduction to Sea Freight Conventions: Hague Visby, Hamburg, Rotterdam Rules, COGSA.

    • Seafreight Documentation: MBL, HBL, roles and responsibilities of parties.

    • Shipping services, vessel types, containerisation (FCL, LCL) and associated responsibilities.

    • Cargo handling procedures: packing, marking, loading, unloading.

    • Freight rates (CBR, FAK, CHR) and payment methods (prepaid, collect).

    • Principles of consolidation shipment and cargo space booking.

Day 2 (9:00 AM to 5:00 PM)

Module 3: Mastering Incoterms for Global Trade

    • Introduction to ICC Incoterms® 2020 rulings and provisions.

    • The four groups of Incoterms: E, F, C, D terms.

    • Detailed understanding of the 11 Incoterms® 2020 rules (EXW, FCA, FAS, FOB, CIF, CFR, CIP, CPT, DDP, DAP, DPU).

    • Apportioning of risks and costs between seller and buyer; point of transfer conditions.

    • Incoterms® 2020 compliance and comparison with 2010 and 2000 versions.

    • Critical issues governing the contract of sales and contract of carriage.

    • Application and implication factors across pre-transaction, on-transaction, and post-transaction stages.

    • Challenges in freight and logistics execution: pre-departure, in-conveyance, and on-arrival.

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