FCCISL’s ‘International contract of sale and documentary credits’ a success

Tuesday, 16 April 2013 00:00 -     - {{hitsCtrl.values.hits}}

The Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) organised a two-day workshop on ‘International contract of sale in practice and documentary credits’ recently, at the Sri Lanka Foundation Institute. Many leading bankers, exporters and importers, carriers and freight forwarders, consultants and academics in trade finance took part in the work shop.

The workshop was organised by the FCCISL, the apex organisation of chambers of commerce and business association, in collaboration with the Confederation of Asia Pacific Chamber of Commerce and Industry (CACCI). The FCCISL is the focal point for CACCI in Sri Lanka.

The training was given by an active and well established international trade finance specialist and Business School International electronic senior tutor Pavel Andrle. This is his sixth visit to SL and third training program conducted on this subject consecutively.

The objective of conducting this two-day workshop is to disseminate deep, focused and updated knowledge and techniques on international rules, standards and the practices of the entire gamut of international trade finance among the target group.  

In today’s open and competitive global economy, multiple economic factors such as import and export establishments, banks, insurance companies, freight forwarders, shippers, transporters, are increasingly engaged in the complex and interrelated world trade.

The mere survival in increasingly competitive and complex world of commerce is highly depended on the ability of trade practitioners to engage effectively in import and export operations and allied fields.

The training provides a great knowledge and techniques which helps minimising numerous risks involved in foreign trade. These risks can be effectively mitigated and many of them even fully or partially avoided, provided the practitioner is well aware of them while they take appropriate measures.