Incoterms Rules 2012

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.

Topics

• 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