International Commercial Terms (Incoterms) are a set of international rules for the interpretation of the most commonly used trade terms in foreign trade. "Incoterms" is a trademark of the International Chamber of Commerce. Incoterms Rules 2012 is a half day seminar.
The Incoterms Rules 2012 covers topics such as:
- Difference between international trade and Terms of Sale for domestic shipments
- Terms of Payment vs. Terms of Sale
- Definition of the 11 Incoterms® Rules
- Terminology of International Trade
- Transfer of Risk from the Seller to the Buyer
- Review of the four groups of terms
- Responsibility for Insurance
- Responsibilities and Obligations for the Seller and Buyer
- Costs Associated with Each Term
