News and Press Releases

24 March 2011

OJSC VTB Leasing Holds a Practical Workshop Titled “Incoterms® 2010: Important Specifics of New Rules” for its Employees

OJSC VTB Leasing conducted a workshop dedicated to new ICC Rules for use of national and international trade terms and on specifics of their application (Incoterms® 2010). The workshop was held on March 23, 2011. The workshop’s primary objective was to increase quality of leasing services provided by VTB Leasing to its customers.

The workshop was chaired by Ms. Nina G. Vilkova, professor of Russian Foreign Trade Academy, Doctor of Law, officially recognized as “A distinguished lawyer of Russian Federation”, a member of the ICC International Court of Arbitration, certified ICC trainer on Incoterms® 2010 and head of the working group at ICC Russia on review of the Incoterms®.

At the workshop participants covered the main aspects of application of Incoterms® rules in international and domestic trade; legal and economic consequences of selecting a particular term from Incoterms® 2010. Participants also covered practical issues of determining the basic (underlying) terms in an international contract for purchase and sale of goods and application of Incoterms® in dispute resolution in international commercial arbitration.

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