Center for Global Best Practices

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. Don't leave the success of your import and export transactions to chance! 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 Use of LC for Import & Export to be held, Wednesday, October 10 & 11, 2018 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. The program will also cove...

If you do import and export trade transactions or planning to trade goods, it’s 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 seven 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 re-run of the program entitled, “ INCOTERMS: Revised International Rules in the Interpretation of Trade Terms” scheduled on Friday, September 1...