As the company that manages the Logistics Program for the Manufacturer & Business Association (MBA), Logistics Plus recently provided the second in a series of short webinars to introduce MBA members to various transportation and logistics topics and trends. The live webinars are complimentary for MBA members, but both MBA and non-MBA members can view the online, recorded versions after they have been completed. The most recent webinar, facilitated by Adam Mook, took place on May 12th and was an “Introduction to Incoterms® 2010.” A description and replay are included below.
Incoterms® rules are standard trade definitions most commonly used in international sales contracts. Devised and published by the International Chamber of Commerce, they are the heart of world trade. Correct use of Incoterms® rules goes a long way in providing the legal certainty upon which mutual confidence between business partners must be based. This workshop will provide an overview of the recent revisions to the Incoterms® 2010 rules, which went into effect worldwide on January 1, 2011. In this session you’ll learn:
- An introduction and overview of the 11 Incoterms® 2010 rules.
- Overview of risk and cost responsibilities, from the perspective of both buyer and seller.
- Incorporating the seller’s cost responsibilities into the quotation to the buyer.
The next Logistics Plus live webinar, “Import and Export Basics,” will take place on July 21. Visit MBA online at mbausa.org to learn more.