Workshop on International Trade Payment at Bangalore
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Despite that the letter of credit is the most preferred instrument of international trade payments, not all exporters are sufficiently exposed to its nitty gritties. In order to familiarize the exporters with the issues involved in payments through letters of credit, FIEO Karnataka Chapter organized a two-day Workshop on ‘International Trade Payment System for Imports and Exports’ at Bangalore on 17th and 18th August. Around 40 exporters participated in the programme. Banking officials alongwith |
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Mr. Gurumurthy, Chief Manager, Indian Bank speaking in the technical session |
many representatives of financial institutions deliberated on various instruments of international trade payments and gave valuable tips on how to secure receivables while entering into letter of credit terms with the buyers. They also analyzed various changes brought out in UCP 600. During the workshop, many leading exporters and importers enlightened the participants with their practical experience of payment issues.
The Workshop adopted methodologies such as lecture, icebreaker, individual and group exercise, simulation management game, case study, roleplay, etc.
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South African delegation calls on FIEO DG |
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four-member delegation from the According to the delegates, export culture is not popular in South Africa |
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From left, are Mr. Ravi Issar; Ms. Shareen Osman; Mr. Ajay Sahai; Ms. Malebo Mabit Je Thompson and an Executive of the DTI. |
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| as the country remained under economic sanctions for a number of years till 1994 over apartheid issues. Thus, the products exported from South Africa are low value items like raw materials such as coal and iron ore. The delegation discussed with FIEO DG how they could switch over to export of value added goods. | |
