In This Section
Incoterms 2010 Rules
The Incoterms® 2010 rules define the responsibilities of buyers and sellers trading international and domestic. Reference to an Incoterms® 2010 rule in a sale contract clearly defines the parties’ respective obligations and reduces the risk of legal complications.
It’s imperative that all employees within an internationally trading company have a clear understanding of using and applying the Incoterms® 2010 rules to suit their business needs.
The initial quotation is the starting point and the chosen Incoterms® rule needs to be appropriate to the goods, to the means of transport and above all dependant on additional obligations.
The EXW Incoterms® rule, which most businesses use, is more suited to domestic trade while FCA is more appropriate for international trade.
I found the Course very interesting and certainly increased my knowledge and understanding of Incoterms 2010. Additionally the Course was well presented in a format that was easy to follow”
JACK MORTON – WEC Group Limited