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.
What to Expect
Staff can expect to learn:
- What a title transfer is
- What incoterms (international-commercial terms) are
- Examples of title transfers
- Examples of Incoterms and how they work logistically
- How to make the most of shipments using a cost benefit analysis
- What legal issues to consider so that shipments aren't delayed or prevented.
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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.
Great Value Package
Our Compliance Essentials Suite includes all of our compliance training in one neat bundle, as well as access to our 'Take 5' microlearning courses (compact five-minute courses in the form of challenges, presentations, and short games). The suite also includes regular course updates to ensure compliance with new legislation and working practises.
What's more, our intelligent eLearning platform Astute makes it easy to evaluate learners progress, providing detailed audit trails and infographics analytics.
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