Mastering terminologies on exports and imports

MANILA, Philippines - The International Chamber of Commerce in collaboration with the Center for Global Best Practices will hold a special seminar on the topic titled “Incoterms: Revised International Rules in the Interpretation of Trade Terms” on July 28, 2017 at the EDSA Shangri-La Hotel in Mandaluyong City.

This special program will feature Singapore-based expert, Victor Tan, an authority in the field of trading and banking, and with 15 years of banking experience covering areas of international trade finance, remittances, guarantees, import and export.

If you do import and export trade transactions or planning trading of goods, it’s a must to master incoterms (international commercial terms used in shipping goods on land, air and sea). While the revised set of rules on incoterms in all international trade transactions has taken effect globally five years ago, many exporters and importers, traders, bankers, insurers, freight forwarders, carriers and the people handling such transactions namely business owners, treasurers, CFOs, procurement officers, trade negotiators and many lawyers are still unaware of these changes.

Understanding these revised rules and incorporating their use in sales contracts will eliminate the uncertainties, errors and costly mistakes in the interpretations created in trade transactions. These new rules have tremendous impact on trade documentation and critical implications for their businesses, especially in the carriage of goods between seller/ buyer, export and import clearance requirements, allocation of costs between seller and buyer, acquisition of cargo insurance and assumption of risks for loss and damage.

Those into trading, import and export, sales, insurance, logistics, treasury and finance, audit, and entrepreneurs who have a need for movements of goods locally and internationally will benefit greatly from this event. Those registering three or more may avail of the group discount and interested participants may also avail of the early registration and payment discount on or before June 28. This seminar will include the seminar kit, snacks, lunch buffet and certificate of attendance. This is a limited-seats-only event and pre-registration is required.

For details and all other seminars, check www.cgbp.org or call Manila lines at (02) 842-7148/ 59; 556-8968/ 69; Cebu lines at (032) 512-3106 to 07 and Baguio at (074) 423-5148.