Incoterms® 2020 Seminar

The International Chamber of Commerce (ICC) has published a new version of Incoterms^® for use starting January 1st, 2020. During the revision period, the ICC reviews the current set of Incoterms^® and makes amendments based on a number of factors including changes to modes of freight movement, technological advancements, and language clarification. The end goal is to make Incoterms^® more understandable and simpler to use. Using the wrong Incoterm^® for your shipment can result in confusion and possibly delay. Please join us to discuss how Incoterms^® 2020 can impact your supply chain.

Wednesday, February 12^th, 2020
Time:  9:00 a.m. - 12:00 p.m.
Check-in and continental breakfast begins at 8:30 a.m.

Long Beach Marriott
4700 Airport Plaza Drive
Long Beach, CA 90815

Presented By
Estella Lopez-Baum
Expeditors South West Region Trade & Customs Compliance Manager

Estella Lopez-Baum has 40 years of experience in import and export compliance. As the Regional Trade & Customs Compliance Manager, Estella is responsible for administrating the compliance program of the Los Angeles, Salt Lake City, Phoenix, Honolulu and San Diego branch offices of Expeditors. She interfaces with officials of Customs & Border Protection, Food and Drug Administration, Department of Agriculture, Fish & Wildlife and other government agencies. Her compliance team serves as liaison to the various government agencies on regulatory operational matters.

Highlights of Changes for 2020:

• (CIP) Carriage and Insurance Paid to – Minimum cargo insurance clause “A” provided to buyer from seller. Previously the seller was only required to take out minimum cargo insurance to cargo clause “C” in the buyer’s name.  However, if both parties agree on a lower level of cover, this is still permitted. 
• (DPU) Delivered at Place Unloaded – Unloaded can be any named place at destination and seller is responsible for unloading. DPU has replaced DAT (Delivered at Terminal) with the main difference being that the delivery point can be anywhere at destination and the seller is responsible for unloading.
• FCA Bill of Lading On Board Notation – A language change to FCA now makes allowance for situations where a bill of lading with an on board notation may be required by letter of credit instruction.

Who Should Attend?
Shipping Managers and Shipping Personnel, Supply Chain and Logistics Managers, Financial or Loss Prevention Managers, Purchasing and Customer Service Representatives, Risk Management and Security and Logistics Personnel.

The seminar is offered at no cost but registration is required and on a first come, first served basis.  Due to high demand, we ask that company representatives be limited to two people.  Please register no later than February 6^th, 2020.  For further questions, please contact us by email.