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On January 1, 2011 Incoterms® 2010 Rules, the new International Chamber of Commerce rules for the use of domestic and international trade terms, will enter into force. Incoterms® 2010 Rules are designed to govern the sales/purchases of tangible, portable goods in a business to business contract.  Internet delivery (electronic software transfers), real estate, and retail sales will not be covered by these rules.  Every rule was modified in this latest revision, reflecting ongoing changes in trade practices and security issues.  It is not possible to itemize all the changes in a short article like this, so following is a brief summary of the high points of the changes.

Come back soon as we will continue our discussion about Incoterms® 2010.

Visit often and see what we’re discussing at Dunlap International, Inc. 

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               We would like to begin with Incoterms® 2010 and your company

With the myriad of instant communications options available today, the business world in which we work just keeps shrinking and moving faster every day.  But one area of the international marketplace that changes more slowly is the body of rules that governs the use of domestic and international trade terms — Incoterms®.  On January 1, 2011, the rules developed by the International Chamber of Commerce during the year 2010 went into effect.

What Incoterms® 2010 rule(s) are you applying to your international transactions?  Ever wonder if a different rule would be more appropriate to your transactions?  Have you added new sales and customer service people to your staff that is unfamiliar with Incoterms® 2010?

Dunlap International is here to help you navigate these rules and choose the most appropriate ones for your international contracts and sales.  We offer individualized training to fit your company’s needs – whether one-on-one, small group seminars, or company-wide presentations.  Contact us to discuss the training options available to you.

               Visit often and see what we’re discussing at Dunlap International, Inc.