Events » Understanding Incoterms® 2020 and U.S. Export Declarations
The International Chamber of Commerce (ICC) has historically revised and refreshed the Incoterms® rules every ten years. Learn what changes come with the new Incoterms® 2020 version.
Incoterms® remain an essential element in defining terms of trade when conducting international business transactions. Incoterms® 2020 is specifically designed to define freight terms and cost obligations unique to ocean, air, and intermodal transportation common to international shipping. Incoterms® 2020 also defines the risk of loss transfer and export/import clearance obligations between sellers and buyers with the goal of eliminating the risk of costly misunderstandings between the parties to an international transaction.
- Changes to the “D” rules with DAT eliminated and DPU added
- Definitions and Framework
- What is and is not defined by Incoterms® 2020
- Risk of Loss
- Buyer’s and Seller’s Obligations
Join us for a special segment on a U.S. exporter’s obligations to file an export declaration. Learn about the fundamentals of U.S. export clearance regulations and how they tie into your use of Incoterms® 2020.
- Definitions: U.S. Principal Party in Interest (USPPI), Foreign Principal Party in Interest (FPPI), U.S. Agents
- Electronic Export Information (EEI)
- Routed Transactions
- Compliance and Recordkeeping
Sponsored by: Expeditors
Thursday, January 16, 2020
8:00 AM - 12:00 PM
Grand rapids, MI 49504