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Incoterms® 2020 Rules
Presented By ComplianceOnline
Thursday, May 5th at 10:00am PST
Online sale ends: 05/05/22 at 9:30am PST
online event
6201 America Center Drive Suite 240 San Jose, CA 95002, USA
San Jose, CA 95002
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Incoterms® are a set of rules which define the responsibilities and obligations of international sellers and buyers for the delivery of goods under sales contracts and are widely used in international commercial transactions. Incoterms® is short for International Commercial Terms. The rules are an agreement between seller and buyer relating to obligations concerning tasks, costs and risks involved in the delivery of goods.

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. The chosen term defines where risk will transfer between the seller and buyer. This will have an impact on the cargo insurance obligations.

Incorrect use of Incoterms® may cause delays and additional costs if not understood. Certain rules will determine who is responsible for transportation, insurance, reporting the transaction to customs and much more.

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10:00am to 1:00pm
Doors open at 10:00am

General Admission: $199.00

online event<br> 6201 America Center Drive Suite 240 San Jose, CA 95002, USA<br> San Jose, 95002



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