Description
Everyone trusts three letters to settle the deal. FOB. DAP. DDP. The buyer and seller shake on a term, drop it into the purchase order, and assume the hard questions are answered. They are not. The three letters tell you almost nothing about who actually files the export declaration, who eats the demurrage when the box sits at the port, or whose money is on the water when the vessel goes down.
Incoterms® in Action is the field manual that picks up where the definitions stop. For each of the eleven rules it works the execution: the export and import formalities, the exact point risk and cost change hands, the SAP/ERP fields the term has to populate, the contract clause that should appear in your agreement, and the itemized customs-value math. It reasons from real events — the Ever Given and general average, Hanjin's collapse, the Tianjin blast, the Aliakmon, Trek Leather — so the rules stick.
It also closes the US-specific gaps most guides skip: Section 301 and 232 tariffs, antidumping and countervailing duties, Section 321 de minimis and its 2025–2027 collapse, USMCA origin, COGSA and the $500 package limit, and cases like Neuromed and BP Oil. A full teaching apparatus — learning objectives, key terms, review questions, answer key, and a 12-week syllabus — closes with an end-to-end capstone shipment and annotated sample documents.
Details
Publisher - Trade Underground Press
Language - English
Perfect Bound
Contributors
By author
James R. Ferry II
Published Date - 2026-07-23
ISBN - 9798951909084
Dimensions - 22.9 x 15.2 x 2.2 cm
Page Count - 406
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