Understanding Incoterms 2020 & U.S. Export Declarations

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1/16/20 8:00 am EST
GVSU Seidman College of Business
50 Front Ave. SW
Grand Rapids, MI
United States

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. 

Topics covered: 

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. 

Topics covered: 

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