Interested in learning why North Americans are so confused about Incoterms?
Canada and the EU are entering a new trade era with The Canada-European Union (EU) Comprehensive Economic and Trade Agreement (CETA), but our largest trading partner, the United States, may be adopting a different approach, one based more on domestic manufacturing than outsourcing under NAFTA (The North American Free Trade Agreement).
Although Incoterms have become the recognized standard worldwide for international shipments, North American shippers are often confused when it comes to “shipping terms of sale”, particularly “FOB”. This webinar presents an overview of the “shipping terms of sale” that evolved from the U.S. Uniform Commercial Code (UCC), and have been in widespread use in North America since 1952, and reasons why “FOB” has earned the reputation as the most misused shipping term.
Regardless of whether or not NAFTA continues in its present form, there is a strong likelihood that Canada and the United States will continue their trading relationship in areas of mutual advantage. And that means continued Transborder shipping between Canada and the U.S. which, traditionally, has moved under UCC FOB terms rather than Incoterms (even though Transborder shipping is technically international shipping). More than ever, importers and exporters in Canada need to have a clear understanding of the benefits, and drawbacks, of the North American UCC FOB terms, and how they differ from Incoterms.
By attending this hour-long webinar, you'll gain a better understanding of:
- North American FOB shipping terms of sale
- The differences between North American FOB terms and Incoterms
- The risks associated with domestic and international trade
- The benefits associated with using North American FOB terms for domestic shipping
- Transfer of title (ownership) of goods in transit with North American UCC FOB terms, versus transfer of “risk of ownership” with Incoterms
- You’ll sleep better knowing you’ve protected your company’s interests, and your own!
How to Register for this Webinar:
- If you do not yet have a CITT account, click here to create an account. If you already have an account, you'll need to be logged in. If you aren't already logged in, please use the "Sign In" fields to the right. If you've forgotten your login information, you can click here to retrieve your username or reset your password here.
- Once you're logged in, click on the green Register Myself button
- Click the green Proceed to Checkout button
If you need any help registering, please contact Marysa at email@example.com.