Learn the Language of International Trade!

If you do import and export trade transactions or planning to trade goods, it is 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 eight 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. Don’t mistake in the use of trade terminologies that can jeopardized your businesses.

In collaboration with the International Chamber of Commerce to educate the business community and the general public, the Center for Global Best Practices will have a rerun of the program entitled, “INCOTERMS: Revised International Rules in the Interpretation of Trade Terms” scheduled on Thursday, March 7, 2019 at the Manila Marriott Hotel, Pasay City, Philippines.

These revised set of INCOTERMS is a more concise version of the previous one and more relevant to business transactions and cargo security issues which are now at the forefront of the transportation agenda of all countries and governments. 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 businesses, especially in the carriage of goods between seller/ buyer, export and import clearance requirements, allocation of costs between seller & buyer, acquisition of cargo insurance and assumption of risks for loss and damage.

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. 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. He is the accredited trainer of the International Chamber of Commerce in Southeast Asia. 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.

Registration is open to the general public. Those into trading, import and export, banking, sales, insurance, logistics, treasury and finance, audit, and entrepreneurs who have a need for transporting goods locally and internationally will benefit greatly from this event.

Interested participants may choose to avail of the following:

a) 5% Early Registration Discount (valid until February 7)

b) 5% Early Payment Discount (valid until February 27)

c) 5% Group Discount

Note: CGBP is also accredited by the Civil Service Commission. Attendees from the government can earn points for their career advancement and are exempted from the Php 2,000 limit when attending training conducted by the private sector based on DBM circular 563 dated April 22, 2016.

Participants who are interested learning about INCOTERMS can also attend the following International Trade Programs:

1) Best Practices Guide on How to Import Goods to the Philippines

     Wednesday, March 6, 2019

2) Best Practices in Handling Customs Tax Audits & Remedies

     Thursday, April 5, 2019

3) Mastering the Use of LC for Import and Export

     Thursday & Friday, April 25 & 26, 2019

4) Understanding Trade Finance, Practices &Compliance Issues for Auditors

     Wednesday & Thursday, July 3 & 4, 2019

CGBP also invites you to attend other Best Practices programs:

1) AMLA for Insurance Companies and Financial Institutions

     Thursday, January 31, 2019

2) Manager Effectiveness Program

     Wednesday and Thursday, February 13 & 14, 2019

3) BIR Computerized Accounting System Compliancefor Medium and Large Taxpayers

     Friday, February 15, 2019

4) Professionalizing the Family Business -- TheRIGHT Way

     Friday, March 8, 2019

5) Property Developers' Guide to the Building CodeIRR of the Philippines

     Wednesday & Thursday, March 20 & 21, 2019

6) Best Practices in Managing Cost and Profit

     Wednesday & Thursday, March 27 & 28, 2019

7) Best Practices in Implementing Effective Business Controls (CPD-Accredited)

     Friday, April 12, 2019

8) How to Structure and Compute Salaries, Wages andBenefits (CPD-Accredited)

     Wednesday, April 24, 2019

9) How to Really Read Financial Statements (CPD-Accredited)

     Wednesday & Thursday, July 10 & 11, 2019

10) Local Government and Real Property Taxation (CPD-Accredited)

       Friday, September 13, 2019

11) Best Practices in Managing Financial Performance (CPD-Accredited)

       Wednesday & Thursday, November 27 & 28, 2019

12) More at www.cgbp.org

For inquiries, you may contact

Center for Global Best Practices

Telephone Numbers:

Metro Manila: (+63 2) 842-7148 or 59, and (+63 2) 556-8968 or 69

Baguio City: (+63 74) 423-2914

Cebu City: (+63 32) 512-3106 or 07

Legaspi City: (+63 52) 736-0148

CGBP also accepts in-house training and consulting for individuals, families, and corporate clients. We invite you to check our website for a complete list of Best Practices programs.

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