Incoterms 2020 seminar for clients of Raiffeisen Bank Aval

Kyiv. 12 November. – Raiffeisen Bank Aval acted as the co-organizer of the seminar Incoterms 2020, held on 11 November in Kyiv.  The seminar was dedicated to the issue of a new wording of the Incoterms 2020 rules to be effective from 1 January 2020.  The seminar attendees discussed changes in the new wording of Incoterms 2020, as well as the problems faced by companies engaged in foreign trade.

The German-Ukrainian Industry and Trade Chamber was the organizer of the event. Mykola Larin, Chairman of the Council of the Association of Exporters and Importers of Ukraine, expert in foreign trade, acted as the speaker at the seminar.

«Understanding of Incoterms rules, sharing of risks, costs and liabilities of parties when supplying goods is an important factor for successful trade activity. For Raiffeisen Bank Aval, it is very important to help market participants – our clients and partners – to prepare for innovations in the amended Incoterms rules before they gain legal force. A right choice and use of the Incoterms basics is critical for the management of risks of loss or damage of goods in the course of external economic activity of our clients. Thus, we help clients to effectively use advantages of cooperation with Raiffeisen Bank Aval in trade financing», – noted Kateryna Shulga, Head of Trade Financing Department of the Multinationals and Trade Financing Division of Raiffeisen Bank Aval.  

The seminar in Kyiv has become Raiffeisen Bank Aval’s first event in a series of similar events dedicated to Incoterms topics throughout Ukraine.

In the near time, a practical seminar Incoterms 2020 will be held in Lviv.  Clients of Raiffeisen Bank Aval are able to visit the seminars free of charge on condition of their registration as attendees.

Consultations on trade financing instruments may be provided by experts of the Trade Financing Department of Raiffeisen Bank Aval: [email protected] or by the phones: +38 (044) 495-41-23, +38 (044) 495-42-11.