Seminar on 'Trade Terms - Risks and Obligations'

The Trade Finance Association of Bankers (TFAB) conducted a seminar on 'Trade Terms - What are your Risks and Obligations?' on July 8 at the Bank of Ceylon, head office auditorium. It was attended by a full house of enthusiastic importers and exporters. The seminar was conducted free.

The response for the seminar was overwhelming and the number of applicants for registration exceeded well over 400.

The seminar was sponsored by Bank of Ceylon.

Consultant Sampath Bank, President of the Association (former Deputy General Manager, Sampath Bank) Parama Dharmawardene, who was the resource person for the event stressed on the importance of the use of International Commercial Terms (Incoterms) in international Trade Contracts.

TFAB believes that knowledge sharing among the Trade practitioners is one of its foremost responsibilities and towards this end it will endeavour holding similar quality seminars in the future as well. The Association plans to have its next Seminar as a full day seminar in October this year.

The TFAB's continued efforts in providing the Business sector mainly the Importers, Exporters and the Bankers with the latest know how in International Trade Finance through Seminars and Workshops is commendable.