Incoterms® rules

ICC Incoterms® rules Masterclasses draw participants keen to learn

  • 9 February 2011

The International Chamber of Commerce (ICC) is kicking off a fresh round of Incoterms® rules Masterclasses, set to run from 17-18 February 2011, attracting participants interested in learning straight from the source of the revised rules.

Classes are 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 two-day training course will take place at ICC Headquarters in Paris and will feature five Masterclasses guiding participants through comprehensive changes to the new rules that came into effect 1 January 2011. Significant among these changes is the decrease from 13 rules to 11; the distinction between rules for maritime modes of transport and rules for all modes of transport; the inclusion of electronic documents as a functional equivalent to paper documents; and the change in guidance regarding the place of delivery in the FOB, CFR and CIF rules from crossing the ship’s rail to being placed on board. “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 February Masterclasses are part of a larger global conference and training initiative led by ICC and its national committees. This is the fifth in a series of Masterclasses hosted by ICC Headquarters. The programme, which attracts professionals in international trade from around the globe, will be repeated each month until June 2011. ICC, headquartered in Paris, France is the voice of world business with over 90 national committee members.