All particpants will receive 1 CEU hour and a copy of the presentation following the webinar.

The Incoterms® 2010 rules are an internationally recognized standard and are used worldwide in international and domestic contracts for the sale of goods are standards accepted worldwide. Incoterms® 2010 rules provide internationally accepted definitions and rules of interpretation for most common commercial terms. . They help traders avoid costly misunderstandings by clarifying the tasks, costs and risks involved in the delivery of goods from sellers to buyers. Incoterms® 2010 rules are recognized by UNCITRAL as the global standard for the interpretation of the most common terms in foreign trade.

In that capacity, like all standards (i.e., ISO 9002), their names do not cause any divergence. As in any standard, they are an explicit reference; therefore, the three letters of the Incoterm must be followed by the specific names of the designated places and the mention "Incoterm" to determine who covers the logistics charges and the seller's and buyer's risks and responsibilities. Incoterms® 2010 define the responsibilities of buyers and sellers for the domestic and international delivery of goods and determine how costs and risks are allocated.

 Objectives:

1. Understand that Incoterm 2010 rules are not a direct replacement for the old UCC terms and they do not address title transfer while the old UCC terms often did.
2. Clarify the tasks, costs and risks involved in the delivery of goods from sellers to buyers for each Incoterms® rule.
3. How to correctly apply Incoterm 2010 rules and understand their transportation modal significance.
4. How to differentiate Incoterm rules logistics' significance and application of cost, risk, and responsibility.