A one-day seminar on "Importance of Financial Documents in Foreign Trade" will be held here on July 4 by International Chamber of Commerce India in association with Federation of Indian Chambers of Commerce and Industry (FICCI) and State Bank of India (SBI), according to a release here today.
Renowned faculty of ICC will lead sessions that focus on significant and beneficial topics for exim trade fraternity that includes significance of terms of delivery (INCOTERMS 2010) in commercial transactions, different types of terms of payment and Open Account, it said.
The seminar will also discuss Letters of Credit, Uniform Rules for Collection and Bank Payment Obligation, discussion on ISBP 745 with Case Study, ICC Uniform Rules for Demand Guarantee and forfeiting, check List for Exporters and Importers - at the time of finalizing the Commercial Contract; and recent ICC Banking Commission Opinions and DOCDEX Cases, the release said.
U Chiranjeevi, General Manager, Reserve Bank of India, Kochi, will inaugurate the seminar.
Noting that lack of awareness of these rules and their application in the day-to-day work can affect the organisations detrimentally, the release said it has, therefore, been the continuous endeavour of ICC India to sensitize all concerned on these important trade facilitation rules and this programme at Kochi is one among various centres throughout the country.
