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CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th floor, 7-Cooperage Road, Mumbai - 400 001.
Tel: +91-22- 69821200-206
info@chemexcil.in Web : https://chemexcil.in
EPC:REG:AS:WEBINAR-114/4/2025-26/ 27th June, 2025
ALL MEMBERS OF THE COUNCIL
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Webinar on Understanding Incoterms & Basics of exports Letter of credit
|25th July 2025 | 2:00 3:30 PM
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Dear Members,
Greetings from CHEMEXCIL!
In international trade, especially in the chemical sector, proper understanding and usage of Incoterms and Letters of Credit (LCs) are critical for avoiding disputes, ensuring timely payments, and minimizing risk exposure.
Many exporters face challenges in interpreting contractual obligations, leading to costly misunderstandings. A lack of clarity on payment terms, document flow, and regulatory frameworks (UCPDC 600) can result in shipment delays or payment defaults. Chemicals being sensitive and regulated commodities, any error in shipment terms or documentation can lead to non-compliance or rejection at the destination.
Hence, in order to educate our members on this topic, CHEMEXCIL, in association with ICICI Bank, is organizing a focused webinar on “Understanding Incoterms & Basics of Exports Letter of Credit”. This webinar aims to equip members with practical insights and case-based understanding to streamline export processes and safeguard business interests.
Details of the webinar are as under:
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Date & Time
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25th July 2025 at 2:00 – 3:30 PM
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Speaker
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Mr Gaurang Vasavada
Forex and Trade Consultant
Mr. Vasavada is a veteran ex-banker with over 35 years of experience in International Trade, Forex, and Export Finance.
He has served as Chief Dealer - Forex, Head of International Division (Bank of Rajasthan), and held senior positions at ICICI Bank, including Branch Head and Compliance Manager. Currently, he trains bankers and corporates on FEMA and RBI regulations and is associated with IIBF and FEDAI as a resource person.
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Topics to be Covered
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Incoterms – What & Why ?
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How Incoterms helps ?
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Incoterms - Groups & Rules 2020
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Incoterms - Case lets / Case Studies
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Methods of Payment in International trade
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Understanding Letter of Credit- flow of documents and payment
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Application of UCPDC 600- Important articles and their impact on parties
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Participation Charges
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NIL but Prior registration is mandatory
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Registration Link
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https://forms.gle/Kj4wyfgZU2XkF6te6
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We strongly encourage all exporting members to attend this highly relevant session and benefit from the expert insights.
For further information or clarification, please contact Ms Amrita Sharma (Assistant Director) at amrita@chemexcil.in.
Thanks and Regards
Raghuveer Kini
Director General
CHEMEXCIL
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