Impact of Incoterms 2020 on Letter of Credit Transactions
Impact of Incoterms 2020 on Letter of Credit Transactions
What Incoterms 2020 do and do not do, how best to incorporate incoterm rules?
Difference between place of delivery and place of destination, significance of place of delivery in identifying
the transfer of ris
Clear understanding of all the 11 Incoterms and Rules; comparison of 2010 and 2020
Impact of changing the rules for our convenience
Impact of Incoterms in Letter of Credit (LC) transaction.
Session 1:
Significance of terms and conditions in underlying
commercial contract
Terms of delivery and INCOTERMS 2020
What Incoterms Rules do
What Incoterms Rules do not do
Significance of place of delivery in determining cost of delivery and transference of risk from seller to buyer
Consistency between Contract of Sale – Letter of Credit -
Contract of Carriage – Contract of Insurance and the
Reference of Incoterms
Eleven Incoterms 2020 Rules
Detailed discussion on each Incoterm 2020
EXW/FCA/FAS/FOB/CFR/CIF CPT/CIP/DAP/DPU/DDP
Session 2:
General obligation of seller and buyer
Significance of place of delivery / port of loading and
place of destination / port of discharge with specific
reference to Incoterms 2020
Transfer of risk from seller to buyer at which point
Differences between Incoterms 2010 and 2020
Possible deviations from applicable Rules and its impact
Prescribing appropriate documents with specific
reference LC transaction and the Incoterms 2020
Comprehensive quiz relating to Incoterms 2020
It is delightfully ironic that a banker
with the capacity to accurately
predict global financial turmoil can
be so much at peace in life, and trust
fate as much! Very few things seem to
have the capacity to surprise him. His
patience plays an instrumental role
when he covers a subject as
complicated; and his unique method
of imparting knowledge makes it
interactive and come alive.
Shyam Gyanani Director Trident International Pvt. Ltd.
Heads of Finance, Export and Import
Trade, International Business
Managers in Finance, Logistics, Marketing,
Procurement, Sourcing departments
Importers, Bankers
6 hours
1 day of 6 hours (in class)
3 sessions of 2 hours (online)
K. Parameswaran, Post graduate in Foreign Trade and Certified Associate of Indian
Institute of Bankers (CAIIB), with more than 30 years of work experience with various
national and multinational banks at senior managerial positions
Associated with the BAFT (Washington), Confederation of Indian Industries,
Federation of Indian Exporters Organisation, International Chamber of Commerce (ICC
Paris) India.
Nominee to Banking and Finance Commission, ICC Paris,
One of the ICC Paris certified trainer on INCOTERMS 2020
Advisor and trainer for corporates, visiting faculty at various management schools
