ǼLEX is pleased to invite you to an insightful webinar on “Incoterms and International Trade: Navigating Risk, Responsibility, and Cost in Cross-Border Transactions“, aimed at demystifying the Incoterms 2020 rules and their strategic use in international commercial transactions.
About the Webinar
The delineation of the respective obligations of buyers and sellers, such as cost allocation, risk of loss or damage, and delivery, is usually challenging in the context of cross-border commercial transactions. In recognition of the need for certainty in and clarity on these issues, the International Chamber of Commerce (ICC) introduced the International Commercial Terms (Incoterms) in 1936. These rules were designed to establish a unified framework for the interpretation of common trade terms in international contracts. Over the years, these rules have evolved to reflect commercial realities. The most recent iteration, Incoterms 2020, provides a comprehensive structure for the allocation of risk, responsibility, and cost between contracting parties.
Despite the existence of the Incoterms rules, many stakeholders continue to encounter difficulties in documenting high-stakes international transactions or fully understanding the legal and commercial implications of their choices. As global trade and supply chains become increasingly complex, a firm grasp of the Incoterms framework is critical. Proper understanding and deployment of these rules can aid buyers and sellers in mitigating disputes, improving contractual efficiency, and ensuring that parties are adequately protected in the event of disagreements or logistical challenges.
ǼLEX’s International Trade Webinar, themed “Incoterms and International Trade: Navigating Risk, Responsibility, and Cost in Cross-Border Transactions”, seeks to provide insight on the Incoterms 2020, and offer practical guidance on their application within the context of cross border trade.
Topics to be Covered:
Strategically Allocating Risk, Cost, and Delivery Obligations in Cross-Border Transactions Using Incoterms 2020
Speaker: Dr. Bamidele Ayemibo, Member, ICC Commission on Customs and Trade Facilitation; CEO, 3T Impex Consulting Ltd
Understanding the Limitations of Using Incoterms in High-Value International Contracts
Speaker: Mr. Rafiq Anammah, Senior Associate, Dispute Resolution and Transportation Practice Group, ǼLEX
Impact of Incoterms on International Trade, Compliance, and Supply Chain: Challenges and Prospects
Speaker: Mr. Rodrigo Altaf, Procurement & Contracts Lead, DRA Global
Who Should Attend?
- This webinar is designed for:
- Businesses engaged in cross-border trade
- Legal practitioners and in-house counsel
- Contract and procurement managers
- Logistics and supply chain professionals
- Trade finance and compliance officers
- Regulators, policymakers, and international trade consultants
Registration:
Participation is free, but registration is required.
Registered participants will receive a confirmation email with Zoom access details.
For more information or enquiries, please contact: Oluwatosin Fajolu – ofajolu@aelex.com