Updated every 10 years, the most recent Incoterms have just been released ahead of 2020. To help you understand the fundamentals, Bob Ronai, the first Australian and second non-lawyer to be invited by the ICC to join the Incoterms® 2020 drafting group, goes through changes so you can prepare your business for the next 10 years of global trade.
Through the lens that comes with decades of experience in international trade, Bob unpacks the new rules in this two-part webinar and talks through how changes will affect you, your work and your contracts.
Topics covered in these webinars include:
- A history of the rules
- Breakdown of the 11 rules and applications of each rule
- Comparison of rules to see where they are alike and where they differ
- How the rules work—or don’t work—with letters of credit
The book that should be in every seller’s, buyer’s, banker’s and forwarder’s office for easy reference: Incoterms® 2020.
The purpose of this book is to:
- To explain what the Incoterms® 2020 rules do and do NOT do and how they are best incorporated
- To set out the important fundamentals of the Incoterms® 2020 rules: the basic roles and responsibilities of seller and buyer, delivery, risk and the relationship between the Incoterms® 2020 rules and the contracts surrounding import/export
- To explain how best to choose the right Incoterms® 2020 rule for the particular sale contract; and
- To set out the central changes between Incoterms® 2010 and Incoterms® 2020
Incoterms® 2020 Wall Chart is a full colour, poster-sized flow chart outlining the responsibilities of buyer and seller under each of the Incoterms(r) 2020 rules.
- Rules for any mode or modes of transport
- Rules for sea and inland waterway transport