Celebrate Incoterms!
The International Chamber of Commerce sent a reminder today to celebrate the 70th anniversery of INCOTERMS! Pardon me while I go grab a $0.25 pop here at Ariba, Inc.'s Pittsburgh tower (the one that watches solemnly over centerfield in PNC Park as the Pirates blow game after game season after season).According to the ICC's release on the anniversary, International Commercial Terms have been keeping "the bricks of world trade contracts together" since 1936. The ICC also took a moment to recognize "the best known Incoterms are: EXW (Ex Works), FOB (Free on Board), CIF (Cost, Insurance, and Freight), CPT (Carraige Paid To), and my personal favorite, DDU (Delivered Duty Unpaid).
As we speak, the ICC is having a blowout in Venice, where in addition to the wine flowing, guests are being treated to presentations on the birth and evolution of INCOTERMS and "the role of INCOTERMS in jurisprudence."
Sadly, my tux remains in the closet because I could not get the travel approved by Ariba or GSully.
posted by Sully @ 6/22/2006
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