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

2019 Revised Corporation Code of the Philippines

The 2019 Revised Corporation Code of the Philippines that took effect last February 21 will have tremendous impact on all corporations in the Philippines. To educate corporations about this, the Center for Global Best Practices will host a special program entitled 2019 Revised Corporation Code of the Philippines to be held on Thursday, April 11, 2019 at the EDSA Shangri-La Hotel, Mandaluyong City, Philippines. This program is designed to help you in your compliance, in structuring your deals and to avoid the legal pitfalls when making decisions in board and management meetings or when doing business and investing in the Philippines. The new legal framework introduces fresh concepts aligned with international best practices aimed at improving ease of doing business in the country. This program is SEC-Accredited for corporate governance. Board directors and top management attending this training will greatly benefit from this learning event. This one-day training will...
Post a Comment
Read more

Don't leave your success to chance!

Letters of Credit (LC) is one of the safest and most reliable commercial payment instrument and most commonly used in international trade transactions. With the ASEAN integration and expected increase in global trade, many businesses want to learn how to use this mode of payment. To help businesses effectively use LCs, the Center for Global Best Practices, in collaboration with the International Chamber of Commerce, will host a two-day training entitled, Mastering the Useof LC for Import & Export to be held on Thursday & Friday, April 25 & 26, 2019 at the Manila Marriott Hotel, Pasay City, Philippines. This program will guide you on everything you need to know about LC transactions and operations. Attendees will learn practical steps and valuable tips in issuing proper LCs and how they work, what to do to avoid pitfalls, and actions to take in cases of discrepancies. Discussion will also cover revised regulations and applications of UCP 600 involving letters of cr...
Post a Comment
Read more

BIR Computerized Accounting System Compliance for Medium and Large Taxpayers

There are over 3,780++ large taxpayers and many are not compliant to the Bureau of Internal Revenue Regulation 9-2009 requiring large taxpayers to have a Computerized Accounting System (CAS). This becomes relevant also to the top 500 medium-sized provincial taxpayers in every revenue district which has the equivalent classification of a large taxpayer. To help medium and large taxpayers regarding their compliance issues, the Center for Global Best Practices is launching a training entitled, “ BIR Computerized Accounting System Compliance for Medium and Large Taxpayers ,” scheduled on Friday, February 15, 2019 at the Manila Marriott Hotel, Pasay City, Philippines. With the activation of the BIR special task force called Computerized Systems Evaluation Team (CSET) to monitor medium and large taxpayers, one can expect more active campaigns and stricter enforcement from the tax authorities. The lecture will include discussions on the regulations and rulings, presentation of ...
Post a Comment
Read more