Incoterms® rules

Continuing professional education of Incoterms® 2010

  • 5 July 2012
Incoterms® rules

After its success, ICC is organizing another series of Masterclasses on the Incoterms® rules to extend to international trade and legal professionals the opportunity to enhance their understanding and use of the rules.

This practical training programme is scheduled to take place on 11-12 October in Paris.

The two-day course will be taught by leading Incoterms rules experts Charles Debattista, Co-Chair of the Incoterms® 2010 Drafting Group, and Emily O’Connor, Senior Policy Manager and Secretariat for the Incoterms® 2010 rules Drafting Group.

The course has been designed to provide participants with a clear and thorough understanding of the latest version of the rules and their role within the broader context of an international sales transaction. Participants will learn from the experts about the breadth and scope of Incoterms® 2010 – a value often underestimated by traders.

By participating in a series of learning-by-doing workshops, participants will practice incorporating and applying the correct Incoterms® rule into the contract of sale. They will learn why the rules are needed; when the rules should be used; when risk passes; how costs are allocated between buyer and seller; what an Incoterms® rule does and doesn’t do; and ultimately invaluable ways of avoiding dangerous mismatches with the outlying contracts of transport, insurance and letter of credit.

“There is no organization better placed than ICC – the organization that created and maintains the Incoterms® rules – to help international traders learn how to apply the rules correctly to their global or domestic sales transactions,” said Ms O’Connor.

The October Masterclasses take place as part of a larger global conference and training initiative led by ICC and its national committee network around the globe.

Legal and trade professionals interested in learning directly from the source of the revised rules have until 15 July to benefit from an early bird registration rate.