In this special training session, I invited Professor Zhang Ximing, a senior international business teacher with nearly 40 years of teaching experience, to share relevant knowledge of international trade price terms. He successively introduced the basic knowledge and concepts of price terms and their importance to international trade. Next, he further analyzed the usage conventions of price terms, analyzed and compared the differences between each term. Then, he deeply analyzed the reasons for the revision of INCOTERMS 2020, the revised content, and how to respond correctly, and answered questions and doubts for the present students. Finally, he utilized practical cases encountered in his rich teaching experience to analyze for students which price term is more advantageous for the buyer or seller in practical application, and how to solve problems such as price, transportation, insurance, customs declaration, inspection, letter of credit payment, sales contract, laws and regulations.

The students praised Teacher Zhang's detailed courses and the organization and arrangement of the Chamber of Commerce, and expressed that this form of training has a distinct theme, which has greatly benefited them. It is very suitable for relevant practitioners, especially newcomers and employees who want to consolidate their knowledge to participate. In future work, Pudong International Chamber of Commerce will continue to organize relevant specialized training based on the key needs of enterprises and industry hotspots, to help member enterprises develop better!

Article transferred from official account of 'Shanghai Pudong International Chamber of Commerce'