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International Commercial Terms Seminar

When

October 26, 2018 @ 8:30 am - 4:00 pm

Where

Sheraton Cleveland Airport Hotel

5300 Riverside Drive
Cleveland, OH 44135 United States

I. INTRODUCTION

II. DOMESTIC TERMS OF SALE FOR DOMESTIC TRANSACTIONS IN THE UNITED STATES

  • An overview of the uniform commercial code
  • F.O.B. origin or F.O.B. destination, what is the difference?
  • Risk of loss
  • Passage of title

III. INCOTERMS® 2000 PRODUCT TRANSPORTATION AND RISK OF LOSS

  • GROUP E
    • Ex Works (name place) EXW
  • GROUP F
    • Free alongside ship (named ocean port of shipment) FAS
    • Free on board (named ocean port of shipment) FOB
    • Free carrier at (named place) FCA
  • GROUP C
    • Cost & freight (CFR)
    • Cost, insurance & freight (CIF)
    • Carriage paid to (CTP)
    • Carriage & insurance paid (CIP)
  • GROUP D
    • Delivered at frontier (DAF)
    • Delivered ex ship (DES)
    • Delivered ex quay (DEQ)
    • Delivered duties paid (DDP)

IV. INCOTERMS® 2010 PRODUCT TRANSPORTATION AND RISK OF LOSS

  • Terms for any mode
    • Ex works (named place) EXW
    • Free carrier at (named place) FCA
    • Carriage paid to (named place of destination) CIP
    • Delivered at terminal (named place of destination) DAT
    • Delivered at place (named place of destination) DAP
    • Delivered duty paid (named place of destination) DDP
  • Ocean Freight Terms
    • Free alongside ship (named ocean port of shipment) FAS
    • Free on board (named ocean port of shipment) FOB
    • Cost and freight (named ocean port of destination) CFR
    • Cost, insurance and freight (named ocean port of destination) CIF

V. EXERCISES/WORKSHOP

“Incoterms” is a registered trademark of International Chamber of Commerce.