Skip to main content

Effective January 1, 2020: This will impact on all shipment of your import and export!

INCOTERMS refer to international commercial terminologies used by traders, importers, exporters, customs brokers, logistics companies, non-life insurers, bankers in the shipment of goods via land, air, and sea. Embedded in these terminologies are the trade rules that clearly define the seller’s and buyer’s obligations as part of a contract.

The new set of INCOTERMS took effect worldwide on January 1, 2020! These changes will have a tremendous impact on the trade documentation and will have critical implications on your businesses. Understanding these new rules and incorporating their use in sales contracts eliminate the uncertainties, errors and costly mistakes in the interpretations created in trade transactions.

To educate the different stakeholders on this, the Center for Global Best Practices, in collaboration with the International Chamber of Commerce, is hosting a training program entitled "INCOTERMS 2020: Revised International Rules on the Interpretation of Trade Terms" to be held on the following schedules:

          Manila: Tuesday, January 28, 2020
                         EDSA Shangri-La Hotel, Mandaluyong City

         Cebu:     Friday, January 31, 2020
                         Seda Ayala Center Cebu, Cebu City

         Clark:     Tuesday, February 4, 2020
                         Quest Hotel Clark, Pampanga

This program will highlight the amendments made and how these changes will affect the relationship between the buyer and the seller.

This special program will feature Singapore-based expert, Victor Tan, who is a certified trainer of International Chamber of Commerce (ICC). He is 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 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 you everything you need to know on how to apply INCOTERMS for your business advantage.

This program is CPD-Accredited. Accountants attending this program will earn points. CGBP is also an accredited training provider of 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.

You may also find of interest the following International Trade Programs:

1) Mastering the Basics of Letters of Credits
     Wednesday & Thursday, May 27 & 28, 2020

     Monday, January 20, 2020

3) Revised ISBP on LC Transactions
     Date to be announced.

4) Business Guide to Preparing and Handling Transfer Pricing Audits
     Date to announced.

CGBP also invites you to other Best Practices Programs:

     Thursday, January 30, 2020 

     Wednesday & Thursday, February 19 & 20, 2020

     Wednesday, February 26, 2020

     Wednesday & Thursday, March 11 & 12, 2020

     Friday, March 20, 2020

     Module I: Thursday & Friday, April 23 & 24, 2020
     Module II: Thursday & Friday, May 7 & 8, 2020

Trilogy of Best Business Practices:

     Friday, July 3, 2020

     Wednesday & Thursday, August 26 & 27, 2020

     Thursday, September 24, 2020

See more topics at www.cgbp.org

For inquiries, you may contact
Center for Global Best Practices

Telephone Numbers:
Metro Manila: (+63 2) 8842-7148 or 59, and (+63 2) 8556-8968 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.

#BestPractices #UpcomingSeminars2020 #INCOTERMS2020 #INCOTERMS #newincoterms #tradefinance #tradepolicy #internationaltrade #tradeofgoods #shipping #tradeterms

Comments

Post a Comment

Popular posts from this blog

Best Practices & Remedies to Avoid COA Disallowances

With the intensified campaign of both the National Government and the Commission on Audit (COA) in their thrust towards good governance, there has been a clamor  for a program to address the issue of COA disallowances and to find solutions for those encountering such problems. To help solve your most pressing challenges regarding these, the Center for Global Best Practices is hosting a one-day special program entitled, " Best Practices and Remedies to AvoidCOA Disallowances ", scheduled on Friday, March 22, 2019 at the EDSA Shangri-La Hotel, Mandaluyong City. This program will greatly benefit employees, and public officials of local and national government agencies, government-owned and controlled corporations, public utility companies, as well as private entities dealing with the government. Private entities will learn how to package a project or supply goods and services to ensure that their business deals will not fall under illegal, extravagant, unnecessary and u...
Post a Comment
Read more

Best Practices for the Board’s Audit Committees

With SECs mandatory requirement for corporations’ board of directors to practice good corporate governance comes the importance of having a functioning audit committee headed by a member of the board.   This is one of the reasons why corporations are now focused on strengthening the effectiveness of their audit committees.  To address the clamour of board directors and management for a professional and formal training on this very important issue, the Center for Global Best Practices is re-running its yearly pioneering CPD-accredited best practices program entitled, Board Directors’ Guide for Audit Committees to be held on Wednesday and Thursday of July 6 & 7, 2016 at the EDSA Shangri-La Hotel, Mandaluyong City, Philippines This unique program is designed for board chairmen who must fully understand the functions and roles of audit committees to lead effectively, for the audit committee members and chair so they know what they must really do and not do, for the b...
Post a Comment
Read more

How to Structure and Compute Salaries, Wages and Benefits

   The Tax Reform Acceleration and Inclusion (TRAIN) Act took effect on January 1, 2018. This means NEW computation on compensation!   Many businesses and HR practitioners are not skilled and updated on how to maximize the tax savings and benefits that is allowed by government.  The confusion on how to properly compute for the salaries, wages, and benefits with the passage of 2018 TRAIN provisions, which impacts both individual and corporate taxpayers. To help the millions of taxpayers and thousands of business organization on this issue, the Center for Global Best Practices is launching a training for business owners, decision-makers and HR practitioners on the topic, " How to Structure and Compute Your Salaries, Wages & Benefits with the 2018 TRAIN Incentives for Taxpayers " scheduled on Friday, July 6, 2018 at the EDSA Shangri-La Hotel, Mandaluyong City, Philippines. You can actually increase the take home pay of your workers by desig...
Post a Comment
Read more