Incoterms, Payment and Documents
You take one container of quilted gilets, quote it four ways, price it through seven payment terms, then read it against the letter of credit that pays for it. You see where your cost stops, where your risk really moves, what one day of waiting is worth, and the one line in a credit that turns a perfect set of documents into a refusal.
Published by Merchandising Academy · First lesson free to read
Course value
What will you be able to do?
Work outcome
You can build a defensible cost sheet for a real style and know, for every line on it, where the number came from and what happens to your margin if it is wrong.
Who it is for
Factory and supplier teams.
What you will produce
You convert a quotation between five Incoterms rules, building the tax and insurance lines rather than guessing them. You price a payment ladder in money at your own cost of capital, with the break-even uplift for longer terms. And you write a checklist for reading a credit before it is opened.
Learning format
3 lessons · 0 templates · workplace calculations and decisions.
Best taken after 8.1 Garment Costing. You can read this one without it. Some of the arithmetic will just have to be taken on trust.