International Chamber of Commerce Syria (ICC Syria), held the international training “Incoterms®2020” developed by the International Chamber of Commerce Paris, on the occasion of the centenary celebration of the establishment of ICC Paris, in addition to launching campaign of Incoterms®2020, featuring updates to the renowned set of International Commercial Terms that define the responsibilities of buyers and sellers operating in the international trade system. The revised Incoterms® rules will enter into force on 1 January 2020.
ICC Syria Training on Incoterms®2020 was sponsored by the Minister of Economy and Foreign Trade Dr. Mohammad Samer Abdul Rahman Al-Khalil, and a group of leading companies and banks in Syria - Platinum Sponsor: United Insurance Company (UIC) - Golden Sponsors: Bank Al-Sharq - Byblos Bank – Banque Bemo Saudi Fransi - Fransabank Syria - Bronze Sponsor: Bank of Syria and Overseas B.S.C.
The training attracted an elite of businessmen/women, managers in the sectors of banking, insurance, transport companies as well as owners of import, export and customs clearance companies, moreover, to the participation of experts from various private and governmental sectors, with the presence of around 160 participant, with a wide media coverage.
The training was provided by certified trainers in incoterms®2020 from International Chamber of Commerce Syria, Mr. Hussein Khaddour and Ms. Mouna Kiwan.
The ICC International Commercial Terms, known worldwide as Incoterms® rules, are a commonly accepted set of definitions and rules for use in international and domestic contracts for the sale of goods. ICC concluded that there was a need for the creation of a common protocol for importers and exporters everywhere. The first set of Incoterms® rules was published by ICC in 1936. Since then, ICC has periodically revised the terms and definitions to reflect changes in the international trade system.
For the past decade, Incoterms® 2010 has provided critical guidance to importers, exporters, lawyers, transporters and insurers across the world.