Incoterms_project

Incoterms

=Objectives =

At the end of this project you will have acquired a basic knowledge of the:

1. history of INCOTERMS

2. need for this system to be implemented

3. main terminology used

4. classification used for the terms

5. obligations of the buyers and the sellers

6. major changes made to INCOTERMS 2000

=Content= Your work should include the following information:
 * 1) The history of INCOTERMS. You should talk about:
 * 2) the definition of incoterms
 * 3) when, where and by whom it was first implemented
 * 4) the reasons for its implementation


 * 1) The main terminology used in the sales contract and the parties. You should explain:
 * 2) the main terminology used in the sales contract
 * 3) the roles of the buyers and the sellers
 * 4) the obligations of each of the parties
 * 5) the risks and costs relating to goods


 * 1) Explain the new INCOTERMS 2010. You should explain
 * 2) the different groups
 * 3) the obligations of the buyers and sellers
 * 4) the reasons for the changes made to Incoterms 2000
 * 5) the areas affected and any new terms introduced or changes to existing ones.