Incoterms 2010 to be launched in September

Incoterms® 2010 will be launched in September this year and come into effect on January 1, 2011. The International Chamber of Commerce is offering a training course from September 27-29 on the new rules. Incoterms® explain standard terms that are used in contracts for the sale of goods and are essential ICC tools that help traders avoid misunderstandings by clarifying the costs, risks and responsibilities of both buyers and sellers. Since these rules are developed by experts and practitioners brought together by ICC and involve a long consultative process, they are globally accepted and have become the standard in international business rules setting.