Awareness on incoterms vital - BoC official
Jan 30, 2011 7:00:00 PM - aussieindolanka.com
Sri Lanka needs to improve awareness on International Commercial terms (Incoterms) to facilitate trade industry, an expert said. Bank of Ceylon (BoC) Corporate Branch Trade Division last week held a seminar on recent changes on Incoterms for its customers in Colombo.
The speaker at the seminar was BoC Trade Services Chief Manager Ranjith Haputhanthri.
International Commercial terms (Incoterms) are a series of international sales with terms, published by International Chamber of Commerce (ICC) and widely used in international commercial transactions.