Incoterms are a set of standardised international rules for the interpretation of trade terms, published by the International Chamber of Commerce and updated regularly. It is highly recommended for businessmen who make use of incoterms on a regular basis to have an updated, thorough understanding in order to reduce any potential risks while engaging in trading activities.
• Purpose & Scope of Incoterms
• Why Revision of Incoterms
• Incorporation of Incoterms into the Sales Contract
• The Structure & Variations of Incoterms
• The Seller’s Delivery Obligations
• Passing of Risks & Costs Relating to the Goods
• The Buyer’s Options as to the Place of Shipment
• Customs Clearance
• Packaging & the Inspection of Goods
• Mode of Transport & Appropriate Incoterm 2020
• Bill of Lading & Electronic Commerce
• Non-negotiable Transport Document instead of Bills of Lading
• ICC Arbitration
