Title Transfers and Incoterms
This course is available as part of the Compliance eLearning Suite in one great package.
When drawing up sales agreements for international freight shipments, it's important to decide on the appropriate title transfer, followed by the correct incoterm for the title transfer.
This microlearning course from DeltaNet International explains in a user-friendly and succinct manner everything your employees need to know about title transfers and incoterms. It will ensure staff are familiar with terms used by Customs and help ensure smooth delivery or receipt of items.
Course Duration: 3-5 minutes
Available in: 1 Language
Tagged in: Customs Controls
Tailoring: You can tailor this course using the free Adapt Authoring Tool.
Staff can expect to learn:
A sale cannot take place without a title transfer, which is a change in the possession of goods (from the seller to the buyer). The title of ownership transfers from the seller to the buyer according to the terms agreed in the contract, e,g., once payment has been received.
Incoterms are a set of international-commercial terms that are used in international freight shipment contracts. They are used to define the responsibilities of the buyer and seller relating to the movement of goods internationally, e.g., who pays for shipment and tax.
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