Incoterms maestros pass on their wisdom
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| Great musicians hold masterclasses - and so do the incoterms experts |
Paris, 6 September 2002 - Great musicians hold masterclasses. From now on so do the world's foremost experts on ICC's Incoterms - the standard trade definitions used every day in international trade.
Incoterms are basic components of export contracts for merchandise. Courts and legislatures generally defer to them. Devised by the International Chamber of Commerce, they are at the heart of international trade.
Now the experts who contributed to the latest version, Incoterms 2000, and who are familiar with every nuance and pitfall, are to conduct the first masterclass for the traders, bankers and lawyers who use them.
The maestros of Incoterms who on 29 October will pass on their expertise at the ICC International Secretariat are:
· Charles Debatista, Professor of Commercial Law at Britain's University of Southampton;
· Jan Ramberg, Professor of law at Stockholm University;
· Jens Bredow, Secretary General, German Institution of Arbitration;
· Alexander von Ziegler, Partner, Schellenberg Wittmer, Switzerland.
Alison Graham-Yooll, ICC conference organizer, said: "This will be totally interactive. We shall be running four classes simultaneously, each for no more than 15 people. So all participants will receive individual tuition from the masters."
During the day, participants will move from class to class, each one dealing with a cluster of several Incoterms, so that at the end of a busy day they will have heard from the experts on the entire range of 13 terms.
Questions covered will include: At what point does the risk transfer from seller to buyer? What are the responsibilities of the seller in relation to damages or shortages of the shipment? Can Incoterms be used for the domestic transportation of goods?
Among the best known Incoterms are EXW (Ex
works), FOB (Free on Board), CIF (Cost, Insurance and Freight)< DDU (Delivered Duty Unpaid), and CPT (Carriage Paid To).
Links
Full programme and registration
Find out more about Incoterms