Incoterms(R) 2010 Training is Important to Your Bottom Line

Top Quote On January 1, 2011, Incoterms ® 2010 will replace Incoterms® 2000. Unz & Co.'s one-day seminar addresses the significant changes and how they affect your contracts. End Quote
  • (1888PressRelease) August 28, 2010 - On January 1, 2011, International Chamber of Commerce (ICC)'s Incoterms ® 2010 will replace Incoterms® 2000 as the new authoritative text for determining how costs, risks, and other responsibilities are allocated to the two parties (seller/buyer) in a sales transaction.

    To help the international trade industry become comfortable with the upcoming release of the rules, Unz & Co. has added a new training program to their roster. The Incoterms® 2010 one-day seminar will address the first significant changes to be made in a decade.

    These changes involve updates and consolidations of the former rules. Special consideration has been paid to security-related shipment clearance and use of the rules for domestic transactions.

    The new classification system will divide the eleven Incoterms® into two groups:

    * 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

    * FAS: Free Alongside Ship
    * FOB: Free On Board
    * CFR: Cost and Freight
    * CIF: Cost, Insurance, and Freight

    Because of the revisions, Incoterms® currently used for a contract may no longer be appropriate. "Being aware of the newly changed terms as soon as possible is vital to a business' success," said Daniel Scott, president of Unz & Co. "In this new global economy, every penny counts. And you want to make sure that you negotiate the best deal possible."

    Incoterms® 2010 training will be held in major U.S. cities including New York City, Chicago, Philadelphia, and San Diego. Dates and additional locations around the country can be found on Unz & Co.'s website: Cost per seminar (includes take-home materials and the official ICC rulebook) is $375. To register, contact Unz & Co.'s customer service department at 1-800-631-3098 or sign up online at Preorders of ICC's Incoterms® 2010 book are also available. Estimated ship date is September 15, 2010.

    About Unz & Co.: Since 1879, Unz & Co. has been helping the international trade industry stay compliant. It supplies the industry with compliance forms, software, and publications, in addition to dangerous goods labels and placards. Over 50,000 professionals have been trained by Unz& Co in Export, Import and Dangerous Goods compliance topics. They are the proud recipients of the prestigious E-Star Award from the U.S Department of Commerce for their continuing contribution into exports. For more information, Check their website www or contact Heidi Heleniak at 732-667-1020/marketing ( @ ) unzco dot com

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