Center for Global Best Practices

In the advent of globalization and Free Trade Agreements where tariff barriers were lowered if not removed in international trade, importation of goods can be your new source of business! Take advantage of this rare opportunity to enter the Philippine Market.  To teach you the secrets of importers, the Center for Global Best Practices will host a pioneering program entitled, “ Best Practices Guide on How to Import Goods to the Philippines ” scheduled on Thursday, August 9, 2018 at the EDSA Shangri-La Hotel, Mandaluyong City, Philippines. This special training will provide you a comprehensive step-by-step guide on the whole importation process in the Philippines – from applying for an import license to ensuring the safety and security of the delivery and arrival of your goods . This lecture will also arm you with the right knowledge and fresh insights to save you millions in costs, time, effort and even preventable mistakes committed by most importers.  Update y...

With the growing free-trade agreements of the Philippines with other countries, tariff barriers have been lowered if not removed totally. This development has encouraged more businesses to import and export goods to and from different countries. For trade transactions, buyers and sellers prefer Letters of Credit (LC) – a payment mode which is safe, secure and the most acceptable legal tender of payment especially for parties who dont know each other and requires the safest way to get paid as a seller and for the buyer to get receive the goods according to one's expected quality and specifications. To help you fully understand the use of LC, the Center for Global Best Practices will hold a two-day training entitled, “ Mastering the Use of LC for Import and Export ” on Thursday and Friday, May 24 & 25, 2018 at the Manila Marriott Hotel, Pasay City, Philippines. Master the nine (9) different types of LC and use it for your businesses advantage. Get practical tips on ho...

In the light of the "Recent Financial Crisis", some exporters and importers deliberately include discrepancies in their Letters of Credit (LC) documentation to renegotiate the terms and prices of the trade transactions, to the disadvantage of the other party.   To save importers and exporters from falling into pitfalls, tricks, and traps in LC operations, The Center for Global Best Practices is conducting a seminar called “Best Practices in Letters of Credit” on May 5 & 6, 2011 at the New World Hotel in Makati City, Philippines.  This seminar will teach participants the practical steps in issuing proper LCs and how they work, what to do to avoid pitfalls, and actions to take in cases of discrepancies. It will also cover new regulations (and the application of UCP 600) involving Letters of Credit.  This special program will also present easy-to-understand case studies and samples to highlight best practices pointers and tips, including topics such as cost sav...

A new set of rules on INCOTERMS  (International Commercial Terms) -  shipping terms used for land, air and sea - in all trade transactions have been effective since January 2011. This will be implemented globally. If you are an exporter, importer, trader, banker, insurer or involved in carriers and freight forwarders, you need to be aware of these changes because they will have a huge impact on trade documentation and critical implications for your business. Especially, this concerns the carriage of goods between seller/buyer, the export and import clearance requirements, the allocation of costs between seller & buyer, the acquisition of cargo insurance, and the assumption of risks for loss and damage. If you are able to understand these rules and incorporate their use in sales contracts, you will avoid uncertainties, errors, and costly mistakes in the interpretations created in a trade transaction. These rules are for those involved in international trade transaction...