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30th April 2013

Awareness Seminar on Avoiding risks on ad-hoc charges in international trade contracts

Venue: EDB/NDB Tower, 3rd Floor, 42 Nawam Mawatha, Colombo 02

Today there are many trade disputes, where Exporters & Importers lose their profits heavily. The issues are either with their trading partner contracts or with 3p service provider agreements. It is certainly important for the trade to understand these Unfair & unrealistic trade practices.

Due to strict time lines in International trade transactions, the involved parties have to take speedy & correct decisions to run the businesses smoothly & efficiently.

Sri Lanka Shippers Council is continuously working on these areas playing a vital and a leading role to educate the exporters & importers on these matters. In this process, Sri Lanka Shippers' Council took the initiative to hold sessions of this nature enabling the trade to establish safe transactions.

The following areas were covered at the seminar

• Fundamentals of International Trade Contracts and International Commercial Terms with recent changes
• Trade Contacts and legal Implication - Mr K. Kanag-Isvaran, PC
• INCOTERMS® - Mr. Chula Jayasuriya, Senior Technical Advisor, Local Economic Governance, The Asia Foundation
• Maximizing profitability in trade transaction - Mr. Nilam Jumat, AGM-Trade & International –HNB

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