What are Incoterms®?
The Incoterms® rules are an internationally recognised standard and are used worldwide in international and domestic contracts for the sale of goods.
Developed by the International Chamber of Commerce (ICC), Incoterms® help businesses operating internationally avoid costly misunderstandings by defining the costs, risk and obligations in each international trade transaction to importers, exporters, customs brokers, lawyers and students. Whether you are filing a purchase order, packaging and labelling a shipment for freight transport or preparing a certificate of origin at a port, the Incoterms® rules are there to guide you.
How are they changing?
On September 10, the ICC published Incoterms® 2020, the first update to these terms since 2010. The new Incoterms® will enter into effect January 2020. Incoterms® 2020 will affect how companies understand their responsibilities at each stage of an international trade transaction, with potential implications for their bottom line.
Where can I access training?
To get businesses up to speed on these new terms and help them succeed in global markets, FITT is partnering with the Canadian Chamber of Commerce (CCC) to offer Incoterms® 2020 in-class training across Canada.
This training will be the only in-class training officially recognized by the International Chamber of Commerce (ICC) and delivered by ICC-certified Incoterms® trainers. Read our announcement on the TradeReady blog for more information about the FITT-CCC partnership.
- Surrey Board of Trade - dates and location to be confirmed
- Greater Sudbury Chamber of Commerce - dates and location to be confirmed
- Canadian Chamber of Commerce - December 4, 2019, Ottawa, ON
- World Trade Centre Winnipeg - dates and location to be confirmed
More locations and dates for Incoterms® 2020 training will be announced soon, so please check this page periodically or sign up for FITT's weekly newsletter for more information and updates.
Incoterms® 2020 in-class training is also offered in partnership with: