This course provides an update on the new revisions and highlights the main changes between the old and the new terms. Introducing the reasoning behind the changes and the impact on the export/import trade and ensures that import/export personnel are kept up-to-date with their skills and knowledge.
Using the correct Incoterm (EXW, FOB, CIF) is an essential part of any international trade contract. When goods are shipped in international markets the International Chamber of Commerce (ICC) Incoterm defines clearly for both the seller and the buyer which party is responsible for the costs, risks, delivery and obligations for the goods during their transit. The current set of revisions was published in 2000 and the new set of revised terms was launched on 1st January 2011
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