A full-day seminar on the International Chamber of Commerce Incoterms® 2010 Rules

Tuesday, September 28, 2010
Location: Cargill, Wayzata, MN
Presenter: Frank Reynolds

If you prefer to pay by check, download the registration form here.

ABOUT INCOTERMS® 2010 RULES AND THE SEMINAR
Incoterms 2010 rules will come into force on January 1, 2011. This is the eighth Incoterms revision since their inception in 1936.

During its 2 ½ year revision process, international business and legal experts considered more than two thousand recommendations from many of the 130+ countries with which the ICC has a relationship. The result is a vastly improved version, tailored specifically to the needs of users throughout the world.

American users have a particular stake in the Incoterms 2010 rules. In 2004 the shipment and delivery terms formerly found in parts 2.319 through 2.324 of the Uniform Commercial Code were deleted. Free of the “FOB confusion” found In the old UCC terms, Incoterms rules make a logical replacement. Incoterms 2010 rules are far more amenable to U.S. domestic use than any previous version.

The changes are both sweeping and practical. This revision considers the post 9/11 cargo security regulations and new Institute Cargo Insurance Clauses. Delivery, so critically important for revenue recognition compliance, is also addressed in far greater detail.

This full-day seminar provides the information and materials you need to use these improved Incoterms rules to your advantage.

Despite imposing a strict gag order on Incoterms® 2010, the ICC has surprisingly released the table of contents. As you can see, there will be eleven Incoterms® rules divided into omnimodal and marine-only groups.

Foreward
Introduction
Table of Contents

Rules for any Mode or Modes of Transport
EXW - Ex Works
FCA - Free Carrier
CPT - Carriage Paid To
CIP - Carriage and Insurance Paid
DAT - Delivered At Terminal
DAP - Delivered At Place
DDP - Delivered Duty Paid

Rules for Sea and Inland Waterway Transport
FAS - Free Alongside Ship
FOB - Free On Board
CFR - Cost and Freight
CIF - Cost, Insurance and Freight

This is just some of the many improvements you will find in this revision. We will keep you posted if the ICC releases additional information before the September rollout.

ABOUT THE INSTRUCTOR
Frank Reynolds is uniquely qualified to explain Incoterms 2010 rules to Americans. He brought nearly 50 years of hands-on practical trade expertise to the 2000 and 2010 Incoterms revisions where he represented the United States. He is a member of the Unites States Council for International Business Banking Committee, and has been instructing trade-related topics for over 25 years.

Frank is a thirteen term member of the U.S. Department of Commerce District Export Council (DEC) and holds a customs broker license from the Department of Homeland Security. His company, International Projects Inc., is a 32 year old full service international trading and consulting firm. It received the U.S. Department of Commerce “E Award for Excellence in Export Service” in 1982.

Frank has written twelve books on international trade related topics, including the A to Z of International Trade dictionary for the International Chamber of Commerce. His Incoterms for Americans, now in its third revision, is a major reference for U.S. traders and is included as a seminar material. Frank has also co-authored five books and written hundreds of trade-related columns for the Journal of Commerce, The Exporter, Managing Exports and the ICC’s Documentary Credit Insight.

ABOUT THE ICC
Founded in 1919 and serving members and affiliates in 130 countries, the International Chamber of Commerce is the world’s business organization. Because its member companies and associations are themselves engaged in international business, the ICC has unrivaled authority in making rules that govern the conduct of business across borders.

In addition to Incoterms rules, the ICC provides model contracts for a host of international transactions. It also offers both mediation and arbitration dispute resolution services.

The ICC has been providing universally accepted rules for banking practice since 1933. More at www.iccwbo.org.

ABOUT USCIB
The United States Council for International Business is the sole U.S. affiliate of the International Chamber of Commerce. It promotes an open system of world trade, finance and investment. Membership includes some 250 leading U.S. companies, professional service firms and associations.

Part of a unique global network of international business groups, USCIB provides unparalleled access to policy makers and regulatory authorities worldwide whose decisions affect commerce. USCIB also advances international trade by issuing and guaranteeing ATA Carnets for temporary duty-free imports of many types of goods, by facilitating use of international commercial arbitration and by promoting adherence to voluntary rules such as Incoterms. More at www.uscib.org.

PRICE AND CONDITIONS
The price is $350.00 for registrations received 10 or more days prior to the event. Seminar availability is based on date of registration on a first-come, first-served basis. All registrations must be prepaid.

SEMINAR MATERIALS
Attendees will receive a copy of the official Incoterms 2010 book and our companion book, Incoterms for Americans, as well as comprehensive seminar notes.

LOCATION
Cargill
15407 McGinty Road West
Wayzata, MN
(952) 742-7575

AREA HOTELS
There are a number of hotels within driving distance of the event.  Please refer to the Cargill Rate (Cargill sponsored event) when making your reservation.

• Sheraton: 952-593-0000
• Marriott Southwest: 952-935-5500
• Holiday Inn Express: 952-912-9999
  

CANCELATION POLICY
With written cancellation notice, received at least 1 week prior to the event, you will receive a full refund, minus a $10 administrative fee. No-shows will not receive refunds.

Incoterms is a registered trademark of the International Chamber of Commerce, registered in several countries. Incoterms for Americans is a registered Trademark of International Projects, Inc. and is used with International Chamber of Commerce permission.