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Transport – Logistics – Incoterms

by Patrick Coets

Content

The Paris CCI (International Court of Arbitration) Incoterms 2000

  • What Incoterms are and what they mean?
  • The Paris CCI
  • Who is concerned by Incoterms and why we need them?
  • Seller responsibilities
  • Purchaser responsibilities
  • The purchaser’s objectives
  • The objectives fulfilled by Incoterms
  • User precautions
  • How to present an Incoterm?
  • General remarks and categories
  • Means of transport & appropriate Incoterms 2000
  • Technical analysis of the 13 Incoterms.

Comparative study of Incoterms 2000 vs. 1990

  • American FOBs
  • Advice for sellers and purchasers
  • Anecdotes
  • Comparison between American Incoterms (Revised American foreign trade definition) & the Paris CCI Incoterms

Insurance in international trade

  • Definition of insurance
  • The actors
  • Insurable risks in exporting:
    • Third party insurance
    • Comprehensive insurance
    • Loss of profit insurance
    • Credit cover
    • Miscellaneous (sponsoring, first party recall, third party recall, etc.)

Transport insurance

  • Legislation relating to goods protection
  • Transporter third party: road, rail, sea, river, air
  • Justification for transport insurance (import, storage, export)
  • Comparative table of responsibilities in the various means of transport
  • Ordinary risks:
    • Major risks
    • All risks
    • Additional risks
    • WRCC
    • Ship premiums

Logistics

  • Definition of transport.
  • Transport economics
  • Means of transport
  • Networks
  • Major current changes
  • Key differences between types of transport
  • Economics and ecology in transportation
  • Goods transportation statistics in Belgium and the EU
  • Multi-modalism
  • Definition of the supply chain and its technological environment
  • Added value logistics business plan (1 vs. 2 teams)

Finance

  • Globalisation
  • Specificity and objectives of international financial management
  • Hedging techniques
  • Area and duration of exchange risk
  • Exchange risk strategies.
  • View of various hedging techniques (leads & lags, forward exchange contracts, futures contracts, foreign exchange swaps, etc.)
  • Factors influencing exchange rates
  • Commodities
  • Fixing forward rates
  • Standard calculation formula for discount and premium rates
  • Payment tools for international trade, including L/C and its various possibilities (clean payment, Swift transfer, D/P, DP “X” number of days, D/A etc.).

Pedagogy

The various sessions are punctuated by multiple and diverse cases of application, both real and concrete:

Group exercises: linked to case studies and in relation to the material covered, participants must prepare a group presentation. The presentation is then evaluated and commented on in function of both its content and form.

Example of an individual exercise (in finance):

On the basis of the formula:

FR = (sr*d*i )/(360*100)

  • sr = spot rate
  • d = number of days
  • FR = forward rate
  • I = interest between the 2 currencies

Question: Calculate the premium or discount rate on the base of a given theme and individual presentations.

Each session ends with a practical case study in which participants are required to give an oral presentation of the tools they are going to use.

premium theme