Upcoming International Meetings
November 30, 2022
INCOTERMS with Silent Auction
What could choosing one term over another really mean to your International Transaction?
Incoterms are those pesky little 3 letter acronyms that are used by customers and vendors overseas when you are trying to sell or buy something outside of the USA. Ever wondered what all the fuss is about? Does it really matter which term you agree to in the end? Could you have the advantage of insisting on one of a couple of options when it comes to Incoterms?
Join us at ICE on November 30 as we do a deep dive into the 11 Incoterms that make up Incoterms 2020 and form the legal basis for who is responsible for what and how far on International transactions. Paul Jarzombek from LR INTERNATIONAL INC. a global freight forwarder headquartered in Chicago along with a panel of experts will break down the 11 Incoterms in detail and share real-world examples of when a particular Incoterm choice either helped or hurt in specific situations.
The morning will be spent on a deep dive into each of the 11 terms so they are all clearly understood with time for your questions. After lunch, The afternoon will see our panel providing examples of do’s and don’ts from real case studies of international transactions from their long tenures in global trade. Bring your questions as this group is committed to you feeling 100% confident regarding Incoterms as you leave for the day.
You will also have an opportunity to bid on and win some amazing prizes right from your phone as we hold our annual Silent Auction to support the ICE Scholarship fund. All processes will benefit the ICE Scholarship fund which in 2022 saw two recipients awarded funds sent directly to their higher education institution of choice to help with tuition expenses. PLEASE COME OUT TO THIS LAST ICE EVENT FOR 2022 and support our scholarship fund and interact with some amazing professionals on the topic of Incoterms 2020.
- 8:30 AM – 9:00 AM Registration
- 9:00 AM – 11:00 AM Speaker Paul Jarzombeck, deep dive on Incoterms 2020
- 11:00 AM – 12:00 PM Luncheon and Networking
- 12:00 PM – 1:00 PM Panel of experts discuss Incoterms and answer your questions
- Ursula Wegrzynowicz, Export-Import Bank of the United States
- Bruce Glaub, Trade Acceptance Group
- Sue Dragotta, WCTC
Click HERE to register.
July 12, 2022
The ICE Group, in conjunction with Madison International Trade Assn (MITA), held a joint educational seminar on July 12th at the Milford Hills Hunt Club in Johnson Creek, WI. The half-day session: Understanding & Managing US Trade Controls and Sanctions on China & Russia was attended by 40 and led by a three-member panel consisting of John Ohnesorge, George Young Bascom Professor and Director, East Asian Legal Studies Center at University of Wisconsin Law School; Ngosong Fonkem, Esq. from the Chicago law firm of Page-Fura PC and Claudia Wolske, Global Trade Compliance Export Manager for Rockwell Automation. The session was sponsored by Sayari, headquartered in Washington, DC a venture-backed and founder-led global corporate data provider and commercial intelligence company.
Some general takeaways from the seminar were:
- Historically speaking it is unlikely China and Russia will become best of friends as memories of WWII remain.
- Companies having global manufacturing or sales operations must look at trade controls and sanctions globally and not just from a U.S.-centric perspective.
- For major importers and exporters, it is almost impossible to comply with trade controls and sanctions without investing in third-party technology. Business ownership stakes by Russian oligarchs run deep and are difficult to trace!
- Multinational businesses are sensitive to how they close down Russian operations and treat those employees. Major consideration is given to avoid the Russian government seizing the closed operation’s assets and nationalizing the business.
This very successful and informative seminar was the first ever joint ICE/MITA educational collaboration.