Monday, September 18, 2006

INCOTERMS,INCOTERMS, INCOTERMS!

ah INCOTERMS (International Commerical Terms) is what i will be committing my next two years to...and NAFTA and Customs Act (more on those later)

whats so important about INCOTERMS? EVERYTHING when dealing with buying and selling in Trade, they outline the responsibilities if the buyer and seller, who pays for what and who needs to provide which documents. But most importantly, they are a sales contract.

Im also glad to report that most people are using 1980's INCOTERMS and even worst off, in North America, they are using them incorrectly.

Wanna know more about INCOTERMS, or, are part of a shipping company whos not familiar with INCOTERMS 2000? feel free to hire me next summer =)

more school news later
Josh

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