Incoterms® serve to allocate costs and responsibilities between buyer and seller and their use is expected to increase in drafting both international as well as wholly domestic contracts for the sale of goods. Incoterms® are considered by customs and tax authorities in conducting customs and tax audits and therefore a clear understanding of Incoterms® and the implications of their use is critical by in-house counsel, CFOs, buyers, as well as those involved in customs, transportation and logistics functions.
The changes from Incoterms® 2000 are intended to clarify the terms and the obligations they impose on the vendor and purchaser in each case and to expand the use of the terms for use in domestic transactions not involving any import/export of goods. Certain terms have been eliminated and new terms added. There are better distinctions between the terms, and cargo security obligations have been incorporated into the terms, among other changes.
Are you aware of everything you need to know about Incoterms® 2010?
This bootcamp will:
• review the Incoterms® rules;
• discuss best practices in using Incoterms® on contract negotiation and drafting;
• identify potential pitfalls when using Incoterms® (case study Review);
• discuss the interpretation of Incoterms® in Canadian law
Date: Wednesday October 17th | 8:30 AM – 5:00 PM
Location: Living Arts Centre of Mississauga
IE Canada Member registration rate – $600 (parking included)
Non-Member Registration rate – $850 (parking included)
Click here to download a brochure.