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90-minute live streaming program
  • June 28
  • 1:00 - 2:30 pm EST

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ICC Incoterms Update

June 28

Need a refresher on international trade law? Make sure you are up-to-date on the most recent updates on the International Commercial Terms rules and regulations.

Many sellers and buyers are unfamiliar with what is required to handle a shipment from A to Z. They may be relying on the other's expertise when, in fact, there are gaps in information. For U.S. imports, many sellers do not fully understand U.S. customs processes and destination handling and the buyer (U.S. importer) does not fully understand the processes involved at the origin. For U.S. exports, the same applies. U.S. based sellers (exporter) may have difficulty handling the destination customs processes and buyers do not fully understand what's required in the U.S.. This topic helps the buyers (importers) and sellers (exporters) understand the process of an international shipment and then to understand the risks and costs involved for each party under each incoterm. This will allow the shippers to protect themselves financially by formally establishing expectations for each party in regards to the shipment process. This information is critical for U.S. buyers (importers) and sellers (exporters) so they can make informed decisions about the terms of sale before signing a contract with any company.

Learning Objectives

- You will be able to define each of the 11 incoterms.

- You will be able to discuss why having the right incoterm in place will help to reduce or eliminate confusion and missed steps in the shipping process.

- You will be able to explain which incoterm will be of most value to you.

- You will be able to review the benefits and problems with the most frequently used incoterms in order to make a decision that is in your best interest.

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Agenda

Incoterms 2010
What Are Incoterms?
  • Why Are They Necessary?
  • How Are They Used?
What Services Are Required to Arrange a Shipment?
  • Origin Services
  • Freight
  • Insurance
  • Destination Services
What Do These Different Terms Mean?
  • Names
  • Definitions
Most Frequently Used
  • Benefits
  • Problems
As a Forwarder, Which Are Our Favorite and Least Favorite?
  • Why
  • Personal Experiences
Special Notes
  • Terms With Special Definitions, Related to Incoterms
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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

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  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
     
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  • Participants who successfully complete this program will receive 1.5 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
     
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Who should attend?

This live webinar is designed for purchasing managers, presidents, vice presidents, material managers, contract administrators, senior buyers, project directors, controllers, accountants, international business professionals and attorneys.

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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Raymond Rau

Raymond Rau

Universal Cargo

  • General manager of Universal Cargo
  • Company emphasizes all aspects of logistics, freight forwarding, international imports/exports and customs clearance
  • Conducts regular internal workshops on international logistics
  • Participates in Amazon workshops to help educate sellers
  • Universal Cargo is a member of WCA, NCBFFA and LACBFFA
  • Participates in C-TPAT
  • B.S. degree in mathematics and economics, UCLA
  • Universal Cargo published a video series on this topic and it is available on our blog at the following address: http://www.universalcargo.com/all-incoterms-made-fast-simple-in-new-video-series/
  • Can be contacted at 310-736-1054, [email protected], or on Twitter®: @UniversalCargo
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Why Lorman?

Over 30 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 400446
Published 2012, 2017
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