Business Excellence Consortium
INCOTERMS 2000 and the International Contract
| Details | |
|---|---|
| This course has not been scheduled. Please contact the BEC for more information. | |
| Individual Price | |
| BEC Member: | $188 |
| Non-Member: | $248 |
| Organization Price | |
| BEC Member: | $2,500 per day ** |
| Non-Member: | $3,500 per day ** |
| ** Responsible for facilitator's expenses, including travel, lodging and food. | |
| Books & Materials | |
| Manual | $25.00 |
INCOTERMS. Thirteen simple three-letter terms. So much confusion!
While INCOTERMS have been around since 1936, they have not been as widely adopted or understood within American business as they have been by international trading partners. The chief culprit in the confusion are the three letters FOB, which have different meanings when used within US domestic transactions than when used in international trade.
Yet, these terms can be critical to the financial success or failure of international trade. They are the best tool we have today to clarify the responsibilities and risks of each party in an international transaction.
This four-hour course is designed to clear the fog and build the confidence of users for properly using INCOTERMS 2000.
What will be covered:
- Overview of basic US contract law relative to shipping terms such as FOB and C&F
- Overview of basic international contract law under the CISG contrasted with US contract law
- In-depth discussion of the 13 INCOTERMS and the obligations of the buyer and seller under each
- Discussion of the merits of using certain INCOTERMS in lieu of others in certain business situations
Who should attend?
Buyers, sellers, logisticians, supply chain professionals, traffic managers, customer service representatives, sales people, accountants, sourcing professionals, freight forwarders, truckers, customs brokers. In short, anyone touched by the international supply chain should attend this course.
Upon completion, you will:
- Understand the importance of using precise language in commercial contracts
- Understand the obligations and risks of a buyer and seller under INCOTERMS
- Be able to develop a plan for reviewing use of INCOTERMS in your organization
About the instructor
John D. Goodrich is an International Trade Consultant and Licensed Customhouse Broker with twenty-five years of experience in international trade. He is an engaging trainer, speaker, and writer on a variety of international logistics and compliance subjects including:
- NAFTA
- US Import Regulation
- US Export Regulation
- Harmonized Tariff Classification
- Letters of Credit
- International Logistics
- INCOTERMS 2000
Mr. Goodrich has written six books incorporating these subjects. He is also a frequent contributor to online newsgroups.