Your business has successfully reached a national market, but you think your time to participate in an international market has come. If you want to participate in international trade, you’ll need to know and understand the Incoterms that have been set by the International Chamber of Commerce (ICC). At O’Meara and Associates, Inc., we provide Incoterms® rules training to help you on your path to international trade.
The Incoterms — or international commercial terms — help to ensure that the world’s businesses, importers and exporters will all be on the same page when it comes to international transactions. The Incoterms are a set of 11 acronyms that have fixed meanings regardless of the origin or destination of international freight.
The ICC most recently updated the Incoterms in 2020, and they sell the guide and handbook for these terms in physical and digital formats. However, if you are new to international trade, you shouldn’t have to purchase these materials only to find yourself unable to decipher them. Our Incoterms® rules consulting will help you to properly understand and implement the Incoterms for your business.
You may be tempted to forgo Incoterms entirely because they are not legally enforced — this will only hurt you in the long run. Proper communication is difficult enough on a national scale, let alone on an international scale. Forgoing the Incoterms will lead to problems that will leave your business at a loss. Incorrectly using Incoterms will also yield the same result.
Arthur O’Meara of O’Meara and Associates, Inc., is an ICC-Certified Incoterms® Rules trainer — one of only two in the entire United States. Between this certification and his over 28 years of experience with international trade, Mr. O’Meara is prepared to help you utilize the Incoterms for your business. You can purchase his book that explains the Incoterms or contact us to arrange Incoterms training for your business.