The International Chamber of Commerce (ICC) Qatar will organise the ‘ICC Qatar Incoterms 2020 Training’ slated on November 6 at the Ritz-Carlton Doha, “to provide certainty and clarity” to businesses trading across borders. The new Incoterms will take effect on January 1, 2020.
Every 10 years, the ICC evaluates and revises the International Commercial Terms (Incoterms) as a means of creating greater uniformity and effectiveness across the shipping industry. The latest version, Incoterms 2010, will stay in effect until January 2020.
The Incoterms 2020 training, which will be supported by Qatar Chamber, will be led by Robert Ronai, in collaboration with the London Institute of Banking and Finance (LIBF). It is expected to be a highly-informative session that will benefit all relevant businesses and professionals attending the training in Qatar.
Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani underscored ICC Qatar’s keenness in providing the Qatari business community with the latest ICC Incoterms to keep pace with developments in international trade.
“Learning these updated terms and rules would help parties know their contractual obligations and avoid the risk of any legal complications, especially as they take account of the recent practices in international trade,” Sheikh Khalifa said.
The training will be beneficial for individuals dealing with business transactions in buying and selling, freight forwarders, and consultants, amongst others. The comprehensive Incoterms 2020 Training will enable attendees to obtain six PDUs from the LIBF.
Ronai’s background in exporting and importing spans over 50 years, initially in international banking and then in the world of international commerce. Ronai holds a Diploma in Export Management (1977) from the Australian Institute of Export (NSW) and is a Certified Documentary Credit Specialist (CDCS) by The London Institute of Banking and Finance.
He is a member of the Australian Institute of Export and International Chamber of Commerce Australia. Ronai said, “Anyone involved in international trade – whether importers, exporters, transport operators, lawyers, accountants, or bankers need to have a good understanding of the new Incoterms 2020 rules.”