ICC Incoterms 2020 … SFC eligible

Next Intake Commencement Date:

24 Jul 2024, Wednesday

Select a registration method:

24 Jul 2024, Intake 39
13 Nov 2024, Intake 40
Next year’s Training Schedule — click here for dates (available end Dec or next Jan)

Find out how our participants rate our programmes via TRAQOM here

Read what our participants have learnt from this course and the feedback from their supervisors …

Blue_Ribbon

Those who wish to really know more about Incoterms 2010 must definitely come for this course! A lot of valuable insights and learning!

Thomas is very experienced in his profession and teaching! I learnt something today and I hope to bring them to my workplace and share my knowledge with my colleagues.

Han Heng Guan, Assistant Business Support Manager, A. S. Pte Ltd

Blue_Ribbon

Gained more insightful understanding on Incoterms and more real-life examples that can facilitate the application of incoterms.

Be able to understand and assess the quoted Incoterms in sales contract and it’s suitability.

The programme clearly provides a good link between theory and application, via a highly inclusive and interactive approach which gives a good understanding on the content.

Thomas has an excellent and deep knowledge on his content, which clearly exhibits his years of experiences.

Koh Chia Hsuan, Documentation Assistant, S. I. (O) Pte Ltd

Overview

ICC has launched Incoterms® 2020, the newest edition of the renowned trade terms for the delivery of goods, providing certainty and clarity to business and traders everywhere.

The Incoterms® rules were first introduced by ICC in 1936 to establish commonly accepted definitions and rules related to the delivery of goods between trading partners worldwide. Since then, ICC has periodically revised the Incoterms® rules to reflect changes in the international trade system.

These trade terms provide a uniform set of rules to assist buyers and sellers in stating each party’s obligations under an international contract. The rules have been developed and maintained by experts and practitioners brought together by ICC and have become the standard in international business rules setting. They help traders avoid costly misunderstandings by clarifying the tasks, costs and risks involved in the delivery of goods from sellers to buyers. Incoterms® rules are recognized by UNCITRAL as the global standard for the interpretation of the most common terms in foreign trade.

The Incoterms rules are an internationally recognized standard and are used worldwide in international and domestic contracts for the sale of goods. First published in 1936, Incoterms rules provide internationally accepted definitions and rules of interpretation for most common commercial terms. They streamline and remove some of the ambiguity that can occur in a contract especially when parties speak different languages. They provide a basis for dispute resolution. Attend the Seminar on ICC Incoterms® rules to understand the major revisions of these terms and how you can use them effectively in doing business.

®”Incoterms” is a trademark of the International Chamber of Commerce.

Designed For

Exporters, Importers, Sales and Marketing Managers, Purchasing Managers, Forwarders, Logistics Service Providers, Customs Brokers, Carriers, Insurers, Trade Consultants

Coverage

ICC INCOTERMS
New major revisions to Incoterms
Review of the different groups of terms
Transfer of Risk from the Seller to the Buyer
Responsibility for Insurance
Costs Associated with Each Term
Advantages and disadvantages of each term
Know the proper use of the Incoterms terms
Examine the costs, responsibilities & rights associated for buyers & sellers
Learn the applicable Incoterms under different transport modes
Understand the critical points in Incoterms

Fees

The course is an Approved-in-Principle (AIP) course under the Baseline SkillsFuture Funding (Course Ref. No.: TGS-2019500240 valid till 24 Dec 2023) with a support level of $2.00 per training hour for company sponsored participant. More information at Financial/Award Schemes.

Nett course fee effective from 1 Oct 2018. Training providers will apply for funding via TPGateway for company-sponsored participants.

	SLA Member	Non-Member	Self-Sponsored
Course Fee	$398	$498	$498
GST	$35.82	$44.82	$44.82
Application Fee (incl. GST)	$32.70	$32.70	$32.70
Total Fee (payable to TLA)	$466.52	$575.52	$575.52
Baseline SkillsFuture Funding	$16.00	$16.00	N.A.
SFC *	N.A.	N.A.	$498 (or available Credit)
Nett Fee (payable to TLA after grant)	$450.52	$559.52	T.B.A.

NSmen and employees of NS Mark (Gold) accredited companies can enjoy exclusive discounted course fee at member’s rate.

* “All Singaporeans aged 25 and above can use their $500 SkillsFuture Credit (SFC) to pay for a wide range of approved skills-related courses. Visit MySKILLSfuture to choose from the courses available on the SFC course directory.”

Payment

Payment will only be required after the course is confirmed.
(The status of the course would usually be advised one (1) month before the course start date.)

Payment mode (retail payments facilities are not available) :
Overseas – Telegraphic transfer
Local – Bank transfer or Corporate PayNow

Duration

1 day : 9 am to 6 pm (8 training hours)

Lecturer

Dr Thomas Sim, BSc.(Aeronautical), MSc.(LSCM), MTD.(Edu), DA.(Edu) is the Group Chief Executive Officer of ‘The Topocean Group’ in Singapore. He joined the Singapore Logistics Association (SLA) since 2000 and served as the elected as the 1^st Deputy Chairman of the SLA from 2008-2014. In addition, he also chairs the SLA Human Capital Development Committee since 2004 and the Academic Director of The Logistics Academy (TLA) since 2010.

He has just been re-elected the Senior Vice-President of International Federation of Freight Forwarders Associations (FIATA) for the 3^rd term. He had been the Chairman of FIATA Advisory Body Vocational Training (ABVT) from 2005 to 2019 which oversees National Associations’ training programs in over 118 countries, assisting to setup and qualifying the standards of international freight forwarding & logistics training materials/curriculums, and the eventual FIATA Validation of their national training programs. He was chairman of the Working Group on Education & Training under that ASEAN Federation of Freight Forwarders Associations (AFFA).

As a lead global master-trainer for the FIATA Foundation Vocational Training (FFVT) since 2001, Thomas represented the UNCTAD, UNESCAP, ADB, AFFA, FIATA-ABVT/FFVT and many international organizations as resource person and master-lecturer to develop and deliver the Training-of-the-Trainers (TOT) and numerous capacity-building programs spanning Latin America/Mercosur, Middle East/Africa, E.U./Russia, Asia/CAREC/ASEAN, and the Pacific since the past 20 years.

Since 2004, he has been as a senior Steering Group Member and Panel-Judge of the FIATA-Thru Transport Club (TT Club) ‘Young International Freight Forwarders’ Awards’ (YIFFY), now renamed as the ‘Young Logistics Professional’ (YLP) Awards – an international competition to promote and motivate young logistics professionals’ competition.

He is regularly lecturing at the Singapore Management University (SMU) for the national Professional Conversion Programme (PCP) on international trade for industry professionals who seeks to be educated and trained in cross-functional roles to enhance their employability in different industry sectors. He covers Supply Chain & Procurement Management, International Trade Documentation, IOT for SCM (e-Commerce/LMF), Global Supply Chain Safety & Security and Dangerous Goods/Hazardous Substance Handling. He is also currently a Mentor to a group of SMU industry-learners on the PCP Programme. He is also lecturing as a global Adjunct Professor for Golden Gate University (GGU) worldwide based in San Francisco (USA).

He sits in the Singapore Ngee Ann Polytechnic’s Multidiscipline Engineering Division Advisory Committee (MEDAC) and has been the Deputy Chairman of the Business & Services Academic Advisory Committee with the Institute of Technical Education (ITE), Singapore, assisting in the development, review, and qualification of the logistics technical training curriculums, in preparing the pool of Business and Logistics’ Management students for the future entrants to the logistics industry.

He represents the Association in the WSG’s Manufacturing Generic Skills Validation Council (MGSVC) that periodically review and advises the WDA on relevant trends and practices of international and local business communities including the logistics industry as well as current knowledge and skills gaps.

Thomas contributed to the SLA-launched book (September 2006) – “The Practitioner’s Definitive Guide: Multimodal Transport” published by the Singapore National Printers for the logistics industry, which has now published its 3rd Edition and “Managing Logistics and Supply Chain Challenges – Singapore’s Insights and Perspectives” published by Cengage in collaboration with SIM University.

He is humbled with the recognition on the “Global Educational Award 2017” for the numerous Training-the-Trainers (TOT) programmes in Africa for more than 20 Years (1996-2017) bestowed upon him from the Chairman of the African Union (AU), Mr. Maculay Kalu and the Secretary-General of the AU, Dr Beatrice Njenga. On 2nd August 2017, Thomas received another coveted and prestigious national ‘SkillsFuture Fellowships Inaugural Awards’ from the President of Singapore, Dr Tony Tan Keng Yam, and the Singapore Minister for Education, Mr. Ong Yi Kung. This ‘SkillsFuture Fellowships Awards’ is a tripartite initiative, the highest national award that recognizes Singapore Citizens who have acquired deep skills through significant work experiences industries or job functions. Individuals must be champions of lifelong learning and deeply committed to contributing to the skills development of others – ‘Celebrating Mastery, Inspiring Passions’.

As a practiced academia for over 38 years, Dr Thomas Sim can impart valuable industry knowledge to learners.

Venue

Trade Association Hub (TA Hub @ 9 Jurong Town Hall Road)

Certification

A Certificate of Attendance will be awarded upon successful completion with 75% attendance.