International Terms 2010 Rules-- ComplianceOnline Trade And Logistics Training (Trade And Logistics )
|Event Date/Time: Dec 16, 2010||End Date/Time: Dec 16, 2010|
The newest set of international trade terms are the IncotermsÂ® 2010 rules created by the International Chamber of Commerce which define responsibilities, risks, and costs of the seller and buyer for delivery of goods under sales contracts. The new IncotermsÂ® rules take into account the latest developments in commercial practice, and update, add two new rules and deletes four of the former rules. Come January 1, 2011, the updated rules will become effective.
These trade terms provide a uniform set of rules to assist buyers and sellers in stating each party's obligations under an international contract. They streamline and remove some of the ambiguity that can occur in a contract especially when parties speak different languages. They provide a basis for dispute resolution. Attend the IncotermsÂ® 2010 rules webinar to understand the major revisions of these terms and how you can use them effectively in doing business.
Â®"Incoterms" is a trademark of the International Chamber of Commerce.
Areas Covered in the Seminar:
New major revisions to Incoterms.
Definition of the 11 Incoterms.
Review of the different groups of terms.
Transfer of Risk from the Seller to the Buyer.
Responsibility for Insurance.
Costs Associated with Each Term.
Advantages and disadvantages of each term.