Introduction to INCOTERMS 2020

Partner: Udemy
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Description: Many kinds of Trade require transport of goods in domestic market or internationally. If you are in similar type of business, probably , you need to find answer to few critical questions anytime entering a contract negotiation process. Questions like : 1- Who is going to take care of Transport Costs ? Specially , costs related to loading and discharge of cargo at departure and destination ? 2- Shall we insure the goods in transit ? If yes , who will pay for insurance costs? and for what type of insurance cover ? 3- When and where will the risk of loss and damage to cargo pass from seller to the buyer? 4- When are where will the title and ownership to cargo pass from seller to the buyer? 5- Who will be responsible for taking import and export clearances and paying relevant duties? 6- Is there any standard framework to provide a uniform picture for answering these questions when different markets and trades follow different customs and regulations?  In conclusion , "What are the components of sales price offered by seller to the buyer ?" Believe it or not , you are not alone. Almost everyone who enters a contract negotiation process involving cargo transport (specially in import/export business) is facing similar questions.The problem is getting bigger as we notice that not only customs and regulations differ in different markets , but also , understanding from a single term of trade might be totally different for parties to the very same trade contract. International Chamber of Commerce introduced INCOTERMS Rules in 1936 to prevent unpleasant surprises, form a standard framework for negotiating transport related clauses in international and domestic contracts  , plus , creating a uniform picture for parties to trade contracts (which need cargo transport )on how, when and where do risks , costs and responsibilities pass from seller to the buyer ? Ever since , the INCOTERMS&nbsp
Category: Business > Business Law > Incoterms
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Price: 159.99
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