Incoterms® rules

Triumph in use of Incoterms® rules with ICC Masterclasses

  • 10 January 2012
Incoterms® rules

ICC is presenting international trade professionals with an opportunity to enhance their understanding and use of Incoterms® rules with a new series of Masterclasses, set to run from 16-17 February.

The classes 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 and will take place at the ICC Hearing Centre in Paris, France.

The two-day training course comprising five Masterclasses will guide 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 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 16 January to benefit from an early bird registration rate.

The Masterclass programme, which attracts international trade professionals from around the globe, is scheduled to run again on 18-19 October 2012.

Register your interest in the October Incoterms® Masterclass

Visit Incoterms® 2010 for further information