by Catherine J. Petersen
It's late; the end of a very hectic day. You're just now starting to think about the long commute home and whether or not there's any food in the fridge for dinner.
The phone rings. It's your freight forwarder sharing the bad news that your cargo has been damaged during transport overseas to your customer.
"Now I've got to figure out who's responsible for this mess-me or the buyer," you groan. It looks like another late night.
Problems like this happen all the time. Fortunately the International Chamber of Commerce (ICC) has created a set of international trade terms that are used to define exactly who has responsibility for transportation costs, insurance and customs clearance.And for 2011, they have announced changes to the existing set of international trade terms!Incoterms® 2000 and Incoterms® 2010-A Practical Review
explains both the 13 terms that have been used for the past decade and the 11 new trade terms and definitions that became effective in January 2011. The book outlines the rules and definitions for both sets of trade terms including the responsibilities of the seller and the buyer under each of the terms, when and how each term can be used, and the advantages and disadvantages of each.
Written by one of the leading authorities in international trade, the book includes several exercises for determining the proper trade terms to use, a self-assessment of how the terms should be used at your company, several case studies, and examples of how the terms are legally enforced.
If you're involved in international trade, you simply must have this book!
Published: January 2012 - 169 pages
Also Available as an eBook | About eBooks
- Incoterms® 2000 Product Transportation and Risk of Loss
- Group E Terms
- Group F Terms
- Group C Terms
- Group D Terms
- Chapter Summary
- Incoterms® 2010 Product Transportation and Risk of Loss
- Terms for Any Mode
- Ocean Freight Terms
- Chapter Summary
- Case Studies
- Legal Cases Involving Incoterms®
Order online or call us toll free at 1-800-641-0920 to order your Incoterms® 2000 and Incoterms® 2010: A Practical Review
reference book today!