CGBP sets seminar on ICC model sales contract

MANILA, Philippines - If you are involved in import/export and sales transactions, you would want a contract that is aligned with the rules of international trade. To help business owners, lawyers, importers, experts, traders, buyers, trade negotiators, bankers, and academics with this, the Center for Global Best Practices, will feature a one-day special seminar titled “International Chamber of Commerce (ICC) Model International Sale Contract” to be held on Friday, Nov. 21, 2014 at the Edsa Shangri-La Hotel, Mandaluyong City.

For more details on this and all other upcoming ICC best practices seminars including “Mastering the Use of LC for Import and Export”, “International Commercial Terms for Bankers and Traders (Incoterms)” and Uniform Rules on Bank Guarantees and Standby Letters of Credit (Nov. 18 & 19), check www.cgbp.org or call Manila lines: (+63 2) 556-89-68 or 69; telefax (+63 2) 842-7148 or 59; Cebu lines: (+63 32) 512-3106 or 07; Baguio line: (+63 74) 423-5148.

ICC as a rule-making body on international trade, recently updated the trade rules that is adopted by all countries globally through the World Trade Organization (WTO). To help those doing business internationally and those planning to, ICC created the model sales contract as the latest time-saving tool that traders and business people can use for a simplified, trouble-free transactions. The contract template clauses are succinct and practical. These are fair and balanced for all parties, and it clearly present a very comprehensive sets of rights and obligations to follow.

It will provide participants clear directions to sellers and buyers. The lecture takes the parties step-by-step through the process – from A to Z covering general characteristics of the contract, scope of application, termination of the contract, dispute resolution and more.