Export & Import: The New Incoterms® Rules

This course will 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.

Course Benefits:

• Maximise legal certainty in transactions
• Understand the general features of the rules
• Examine each rule in detail
• Understand the principal differences between the old and new rules
• Understand the changing obligations of the parties involved

Course Outline:

The Incoterms® Rules are an essential business tool for international trade because they define the responsibilities of each party to arrange loading/unloading of the goods, delivery, import/export clearance and freight contracts. They may be used in contract negotiations, as a checklist for buyers and sellers and as a framework for international and domestic sales contracts. 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

Cost:

• £158 + VAT
• Members of the Chamber of Commerce save 10%, join today!

Booking: Call 0845 838 9964.