Incoterms® 2020 rules will come into force on January 1, 2020. It is the ninth Incoterms® revision since their inception in 1936.
For the first time, the ICC’s 2020 Drafting Group opened up to include experts from Australia, China and Turkey as well as from Europe and the United States. Over the 2 ½ year revision process, over 2,000 suggestions were received from the 130+ ICC national committees and related organizations. The resulting 2020 version incorporates changes in both substance and presentation.
This revision’s complete makeover of the seller-buyer obligation matching column presentation reflects the relative importance of each task. Important issues such as the apparent conflict between the FCA Incoterms® rule and on-board documentation, adequate insurance coverage, and security compliance and others are also addressed.
The removal and subsequent reinstatement of the UCC Shipment and Delivery terms make this revision particularly interesting for Americans wishing to use Incoterms® rules in both domestic and international trade.
This full-day seminar provides the information you need to use these improved Incoterms® rules to your advantage. Both the newly revised Incoterms® Rules for Americans® and the official ICC Incoterms® 2020 books are included – a retail value of over $150. Also includes a light breakfast, lunch, and 6 hours of continuing education credit from NCBFAA.