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Incoterms

Thursday, May 22, 2014
1:30 p.m. – 5:00 p.m.

Delivery costs are the major cost variable. They will depend on whether you or the buyer will pay the transportation costs after the product leaves the factory or warehouse. The buyer will specify which delivery price to quote, using the appropriate INCOTERM. The Incoterms rules or International Commercial Terms are a set of rules which define the responsibilities of seller and buyers and are published by the International Chamber of Commerce (ICC). These series of three-letter trade terms are intended primarily to clearly communicate the tasks, costs, and risks associated with the transportation and delivery of goods and are widely used in International commercial transactions or procurement processes.

Topic Includes:

  • Accepted Definitions
  • Rules of Interpretation for Most Common Commercial Terms

Fee: Training is $20 (nonrefundable, payment reserves spot), All non-MCLE sessions are approved for 3 CES Credits. CES Credits are administrated through NCBFAA Educational Institute (NEI).




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