Half Day Seminar – Revised Incoterms® Rules for 2010Introduction to Export OperationsExporting - Understanding the PaperworkDocumentary Letters of Credit, Drafts and BillsA Foundation Course in ImportingExport Controls and LicensingWinning Export BusinessAppointment and Management of Overseas Agents and DistributorsAdvanced Export PracticeBecoming An Authorised Economic OperatorClassification of Goods - Using Commodity and Tariff CodesInward Processing Relief
Half Day Seminar - Revised Incoterms® Rules 2010
Since the last revision in 2000, there have been fundamental changes in global trade practice and procedures. Cargo security considerations, revised insurance clauses and the continuing evolution of transport infrastructure have modified the supply chain obligations of each party and the necessity of providing specific information at the appropriate time.
The New Incoterms® Rules, implemented from 01 January 2011, have been developed to take account of these changes. The number of terms has been reduced from 13 to 11, with four of the old rules being abolished and two rules terms being created. The text for each rule has been updated and rationalised and there are now clear guidance notes for the use of each rule. The New Incoterms® Rules may now be used for trade both between and within countries and customs – free blocks.
All parties involved in international trade should clearly understand The New Incoterms® Rules to maximise legal certainty in transactions. This half day seminar will consider the general features of the rules and will examine each of them in detail. Principal differences between old and new rules and changing obligations of the parties will be highlighted.
The seminar will therefore be particularly relevant to sales, purchasing, shipping, finance, customer service staff and senior managers from both exporters and importers as well as those from freight forwarders, shipping and financial institutions.