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9:00 AM to 5:00 PM * PENINSULA HOTEL, MAKATI CITY, PHILIPPINES * APRIL 17, 2009
INCOTERMS is the global standard for the interpretation of trade terms. Understanding this and incorporating the use of it in sales contracts eliminates the uncertainties and errors in the interpretations created in a trade transaction.
Most often, parties to a contract are unaware of the different trading practices in their respective countries. This can give rise to misunderstandings, disputes and litigation, with all the waste of time and money that this entails. In order to remedy these problems, the International Chamber of Commerce published a set of international rules for the interpretation of trade terms. These rules are known as INCOTERMS. Learn the 13 vital trade terms under Incoterms 2000 EXW, FOB, FCA, FAS, CFR, CIF, CPT, CIP, DAF, DES, DEQ, DDU, DDP which have critical implications in the carriage of goods, allocation of cost between buyers and sellers, acquisition of transit cargo insurance, assumption of risks in loss and damage, and clearance documentation.
Most often, parties to a contract are unaware of the different trading practices in their respective countries. This can give rise to misunderstandings, disputes and litigation, with all the waste of time and money that this entails. In order to remedy these problems, the International Chamber of Commerce published a set of international rules for the interpretation of trade terms. These rules are known as INCOTERMS. Learn the 13 vital trade terms under Incoterms 2000 EXW, FOB, FCA, FAS, CFR, CIF, CPT, CIP, DAF, DES, DEQ, DDU, DDP which have critical implications in the carriage of goods, allocation of cost between buyers and sellers, acquisition of transit cargo insurance, assumption of risks in loss and damage, and clearance documentation.
Who Should Attend:
• Decision-Makers
• Importers & Exporters
• Businessmen & Traders
• Transporters/ Insurers
• Bankers & Loan Officers
• Lawyers & CFOs
• Credit/Business Analysts
• Business Consultants
• Those planning to go into
the import-export business
Lecturer:
Victor Tan, MBA (Strathclyde), ACIB, MInstAM, is an authority in the field of trading and banking with 15 years of banking experience covering the areas of International Trade Finance, Remittances, Guarantees, Import and Export departments. He has worked with various International Banks since 1977 starting with Standard Chartered Bank, Amsterdam-Rotterdam Bank, Bangkok Bank, Royal Trust Merchant Bank and lastly Barclays Bank, where he was Deputy Head, Trade Finance.
Since 1992 he has been conducting highly specialized training in Jakarta, Bangkok and Singapore. He also holds a Master of Business Administration degree from University of Strathclyde, UK and is a qualified Life Associate Member of the Chartered Institute of Bankers, London. He will teach everything one has to know on how to apply INCOTERMS for business advantage.
ONE-TIME SEMINAR
Seminar Investment is P7,800 or US$162. Inclusive of Meals, Resource Kit, & Certificate of Attendance
REGISTER NOW and avail of Early Bird & Group DISCOUNTS
CALL (+63 2) 842-7148 or 59
EMAIL: jessica@cgbp.org
Check: http://www.cgbp.org
REGISTER NOW and avail of Early Bird & Group DISCOUNTS
CALL (+63 2) 842-7148 or 59
EMAIL: jessica@cgbp.org
Check: http://www.cgbp.org
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INCOTERMS 2000
NEW INTERNATIONAL RULES IN THE INTERPRETATION OF TRADE TERMS
The Peninsula Manila
9:00 am to 5:00pm, April 17, 2009
Many traders are presently using FOB. CFR & CIF without knowing the risks involved! Traders instead should switch to use FCA, CPT and CIP!
Incoterms are international rules published by the International Chamber of Commerce for the interpretation of trade terms. There are altogether 13 trade terms under Incoterms 2000 viz;
Exporters and Importers, and insurers. Freight Forwarders and Carriers need to be aware of new changes in Incoterms 2000 which have critical implications to their business especially on the:
• Carriage of goods between seller/buyer
• Export and Import clearance requirements
• Allocation of costs between seller and buyer
• Acquisition of transit/cargo insurance
• Assumption of risks for loss and damage
Course Contents
1. What are Incoterms? - Its purpose and scope.2. What important matters are covered by the new Incoterms 2000 and what are the main changes?
3. How will Incoterms 2000 affect the relationship and specific responsibilities between seller & buyer?
4. What are the critical points under Incoterms 2000 for the transfer of risks and costs?
5. Which Incoterms 2000 are most appropriate for which mode of transportation?
6. A detailed diagrammatic analysis of the 13 trade terms under Incoterms 2000
7. Why EXW. FOB, CFR & CIF are dangerous terms to use?
8. Why FOB, CFR & CIF are no longer relevant for use in containerized shipment?
9. Relationship of Cargo Insurance with Incoterms
10. Relationship of Methods of Payment with Incoterms
11. Issues outside the scope of Incoterms 2000
12. Variances on Incoterms 2000: EXW (Loaded). FOB (Stowed), CFR (Landed), etc.
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SEMINAR FEE: P7,800 or US$162 (Fee covers Meals, Resource Kit, Certificate of Attendance)
GET AS MUCH AS 15% DISCOUNT! AVAIL OF ANY OR ALL OF THE FOLLOWING:
• Less 5% for early registrants (on registrations made on or before March 17, 2009)
• Less 5% for early payment (if made on or before April 7, 2009)
• Less 5% for group registration (minimum of 3 participants)
REGISTER NOW to avail of Early Bird & Group DISCOUNTS
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GET AS MUCH AS 15% DISCOUNT! AVAIL OF ANY OR ALL OF THE FOLLOWING:
• Less 5% for early registrants (on registrations made on or before March 17, 2009)
• Less 5% for early payment (if made on or before April 7, 2009)
• Less 5% for group registration (minimum of 3 participants)
REGISTER NOW to avail of Early Bird & Group DISCOUNTS
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