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INCOTERMS:  The Official Guide To The Interpreration of Trade Terms

FOB, CFR, and CIF are already outdated and are dangerous terms to use. Many use these terms without knowing the risks involved.  Eliminate the uncertainties and errors in the interpretation of trade transactions by understanding INCOTERMS — the global standard for the interpretation of trade terms.

Understand the 13 vital trade terms (EXW, FOB, FCA, FAS, CFR, CIF, CPT, CIP, DAF, DES, DEQ, DDU, DDP) which can have critical implications in your business. Incorporate them properly in your sales contracts to avoid disputes and litigation.  Learn the set of rules in INCOTERMS published by the International Chamber of Commerce.

The Center for Global Best Practices invites entrepreneurs, importers, exporters, traders, bankers, transporters, insurers, lawyers, loan officers, business consultants, and decision-makers to attend this special seminar entitled, “INCOTERMS 2000″ scheduled on Friday, August 29, 2008 at The Peninsula Hotel, Makati City, Philippines.

INCOTERMS 2000
NEW INTERNATIONAL RULES IN THE INTERPRETATION OF TRADE TERMS

Course Contents

1. What are Incoterms? - Its purpose and scope.
2. What important matters are covered by the new Incoterms 2000 and what are the main changes?
3. How will Incoterms 2000 affect the relationship and specific responsibilities between seller & buyer?
4. What are the critical points under Incoterms 2000 for the transfer of risks and costs?
5. Which Incoterms 2000 are most appropriate for which mode of transportation?
6. A detailed diagrammatic analysis of the 13 trade terms under Incoterms 2000
7. Why EXW. FOB, CFR & CIF are dangerous terms to use?
8. Why FOB, CFR & CIF are no longer relevant for use in containerized shipment?
9. Relationship of Cargo Insurance with Incoterms
10. Relationship of Methods of Payment with Incoterms
11. Issues outside the scope of Incoterms 2000
12. Variances on Incoterms 2000: EXW (Loaded). FOB (Stowed), CFR (Landed), etc.

For inquiries, please call (+63 2) 842-7148 or telefax (+63 2) 842-7159.  You may also check details at www.cgbp.org.

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