Understanding Incoterms® Rules in 2023
Speaker: Rossano V Gerald
Speaker Designation: Founder, RVG International Consulting Firm, LLC
Speaker: Rossano V Gerald
Speaker Designation: Founder, RVG International Consulting Firm, LLC
If you do international business, you've probably heard of Incoterms — the international standard for determining responsibility between buyers and sellers.
This Incoterms 2023-Term will address how the exporter must know the condition of the point of the exporting and importing transaction prior to the exportation process.
Furthermore, it will explain why the exporter should be familiar with the Incoterms, which are defined as three-letter trade terms that define the buyer and seller's responsibilities in international business transactions. Finally, we explain what expected terms of sale are acceptable on shipping documentation to meet Customs assessment requirements.
The Incoterm and terms of sales will address the seller and buyer responsibilities by the type of sale transaction agreements that will affect the direct cost of making the export sale and clear Customs regulatory requirements.
Exporters and importers may be unaware of which Incoterms are appropriate as shipping or delivery terms, as well as the standard practices for using the terms in an exporting environment. This exporting terms analysis will help explain why the buyer and seller must understand their obligations regarding goods delivery.
As a result, an exporter must be aware of the preferred terms to use as a seller and the preferred terms to use for buyers during the delivery process, because the terms will allocate each party's responsibilities and risks. We will also discuss the significance of the pricing and sales agreement in terms of sales from the perspective of a foreign buyer, their costs within the landing charges to the port of arrival. Finally, we will go over the various costs associated with storage and handling charges that may be incurred during the shipment process.
This webinar will provide international logistics materials that will examine the supply chain networks and procedures that are recommended by the U.S. Customs and Border Protection authorities when conducting the logistic transactions in this global market.
This webinar will provide valuable insights to:
Dr. Rossano V. Gerald is an Academic Professor and Founder of RVG International Consulting Firm, LLC. He has over thirty years of business experience in strategic management, marketing analysis, and supply chain management; and is also a veteran of the United States Army.
He has worked with small and medium-sized businesses to help improve their business logistic processes through verification of operational and supply chain programs. Also, he has developed management and marketing strategies that were used to improve the efficiency and effectiveness of my client's business operations in this global economy. He earned a Doctor of Business Administration in International Business and Advanced Professional Business Certification in Marketing from Argosy University/Sarasota; Thomas Jefferson School of Law Master of Science of Law Degree (J.S.M.) for International Tax and Finance Services in the Risk Compliance & Management field.
He is also a candidate at the Univ. of Phoenix/ MBA Project Management degree program. He is a member of the Free Trade Alliance, San Antonio Transportation Association, Inc., San Antonio SCORE, TX, Supply Chain Council and Institute of Business Forecasting & Planning, and CATO Institute of Research & Analysis and Academy of Business Research. He is a Certified Supply Chain Manager, and Inventory Planner and Property Forecaster, Certified Consultant for Business Value Analysis and Methodology, Certified Export Leaders of the Free Trade Alliance and Casa of San Antonio, TX; Certified Master Management Consultant and Master Project Manager; and Certified Marketing Analyst and Registered Business Analyst by the International Management Consultant Certification Board (IMCB);Certified CCA ™ Chartered Compliance Analyst AAFM ® American Academy of Financial Management/ AAPM ® American Academy of Project Management.
ChE Chartered Economist (GAFM) GAFM ® Global Academy of Finance & Management ®. He is also a member of the Council of Supply Chain Management Professionals; and an Advisor for the Mu Kappa Tau Marketing of the Honor Society.
