International trade seminar set for October

A trade seminar covering Incoterm's 2010 rules will be held on Wednesday, Oct. 3.

The half-day seminar will be led by Frank Reynolds, the U.S. representative to the ICC for Incoterm's revisions and a U.S. Department of Commerce District Export Council member for more than 23 years. Reynolds will discuss the changes and give an overview of their role in current international trade.

The 2010 rules took effect on January 1, 2011, and in the past two and a half years, business and legal experts have been compiling the effects. The seminar will cover many of the common issues associated with the rules and explain their necessary functions. New changes include considerations for post-9/11 cargo security regulations and Institute Cargo Insurance Clauses.

From 8-9:45 a.m., the seminar will cover the Incoterm rules, the revision process, useful definitions, roles in selling and purchasing contracts and many of the common misperceptions.

From 10 a.m. to noon, speakers will address the hurdles in international trade, a rule-by-rule analysis, an American perspective on accounting, export clearance, payment terms and Incoterm'2 2010 rules and the UCC matchup.

The cost is $245, with breakfast and Incoterm books included. The seminar will be held at the Houston West Chamber of Commerce, located at 10370 Richmond Ave. in Houston.

For more information and registration options, contact the Houston West Chamber of Commerce at 713-785-4922.