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The Nigerian Export Promotion Council (NEPC) in Imo State today, hosted a crucial sensitization seminar on export contracts and Incoterms.
The seminar, held at the NEPC’s Owerri zonal office on September 4, 2024, attracted a diverse group of participants, including local exporters, business owners, and trade professionals.
The seminar Organized by Anthony Ajuruchi, the Imo State Coordinator, the event aimed to enhance understanding of the essential elements in international trade, particularly focusing on export contracts and Incoterms.”
During the seminar, experts from the NEPC stressed the importance of having well-structured export contracts to ensure smooth transactions and protect businesses from potential disputes. They highlighted how crucial it is to correctly apply Incoterms, the standardized trade terms used globally, to minimize risks and ensure clarity between buyers and sellers.
Participants were also updated on the latest Incoterms 2024 and received practical tips on selecting the appropriate terms for different transactions. The seminar covered key topics such as payment terms, delivery conditions, and compliance with international trade laws.
Speaking at the event, Ajuruchi emphasized the NEPC’s commitment to empowering local businesses to compete effectively in the global market. He urged participants to apply the knowledge gained to enhance their export practices and maximize profitability.
The seminar concluded with an engaging Q&A session, allowing attendees to seek expert advice on the specific challenges they face in their export operations.
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