LOG904-176 Transport Law, Insurance and Incoterms (Autumn 2021)

In every sale/purchase (around the globe), a trade term / delivery term is included. Either as a specific term named and stated, or the actual term has to be interpreted out from the contract.
The most common general used trade terms are the Incoterms®, and the aim of the seminar is to give the students a knowledge of trade terms/delivery terms in general, with an in depth knowledge of the Incoterms®.
The Incoterms® is part of both the Sales Law as well as the Transport Law (logistics), and Insurance Law, and hence a vey useful tool when working with Sale, Purchase og Logistics (Planning, Forwarding and Transport).

Topics covered:

• The formalities in order to engage in Logistics operations in a Country (ref. Cabotage etc. with Focus on Norway).
• The background of, and need for trade terms/delivery terms in general.
• Focus on Incoterms®, including an in depth study of both what Incoterms® do and don’t do, as well as detailed analysis of the 11 different Incoterms®.
• Insurance Law and the need for Insurance and the link to Incoterms®
• About the International Chamber of Commerce in Paris (the ICC) as such, and its Commissions and work scope

• Three hours of lectures per day and case studies in groups
• Case presentations by students in class

• Home assessment without presentation
• Cumpolsory attendance
• Grading scale:Letter (A - F)