By I.E.E.M. (International Event and Exhibition Management).

I.E.E.M. in partnering up with the Italian Trade Commission to present two premiere wine tastings at the Biltmore Hotel on February 8th.

Over 55 Italian wineries will meet with South Florida Wine Traders.

The IACC Chamber members who are part of the hospitality or wine trade are invited.

All the other members are more than welcome to join for a “brindisi”, from 5 pm to 6.30 pm during the “The Sparkling Life: It’s always 5 o’clock somewhere with Friuli Wines” happy hour presentation, at the terrace of the Biltmore Country Club ballroom.

For registration, please click on the following link:

http://www.ieemusa.com/index.php/registration-88 

Expanding internationally is a great opportunity for small and medium-sized enterprises, but  the legal and contractual aspects, which may be different from country to country, require deep analysis and organization

Here is a list of the main international trade payment methods recognized by the International Trade Administration.

Cash-in-Advance

The buyer (importer) sends the payment before receiving the goods. Upon receipt of payment the seller (exporter) ships the goods and related documentation to the buyer.

Open Account

The seller ships the goods and relevant documentation directly to the buyer who agrees to pay the bill at a future date (usually 30 to 90 days).

Documentary Collection

The exporter entrusts the collection of the payment to his bank, which will send the commercial documentation relating to the goods to the importer’s bank, along with instructions for payment. The buyer will be requested from his bank to make the payment. The documentation will be then used to clear the goods.

Letter of Credit

It is widely used, as it offers a guarantee issued directly by banks.

An L/C is a commitment by a bank, on behalf of the buyer, that payment will be sent to the exporter upon presentation of the shipping documents (invoices, certificates of origin, bills of lading, etc). Key clause is that the documents fully comply with the terms and conditions outlined in the letter of credit.

There are also other methods and can be combined with each other in many ways. Each presents different levels of risk for a part rather than the other. And to minimize them it is useful to rely on a solid banking system to monitor the situation.

For more information, please contact us at info@italiancpafirms.com

www.italiancpafirms.com

The Astaldi Group has won in California, the contract for the improvement of the I-405 in Los Angeles. The contract is valued at US$ 1.2 billion. This is a major and new success for the Astaldi Group, which is aiming to consolidate its presence in the United States by extending its activities to the West Coast. Astaldi holds a 40% stake in the project.

The contract calls for the design and construction of the improvement works for 22 kilometres of interstate highway. The complexity of the works, which also includes the construction of 35 bridges, is accentuated by the need to maintain the infrastructure in operation for the entire duration of the activities.

The works, commissioned by the OCTA Orange County Transportation Authority, will be financed with local, state, and federal funds. The works have a duration of 6 years, and will be carried out in joint venture with the Spanish Group OHL (holding a 60% stake).

The Astaldi Group has been present in the United States for more than 20 years through its ACC Astaldi

Construction Corporation, and operates mainly in states on the East (Florida) and West (California) Coasts.

Winning the I-405 contract brings to a total of approximately US$ 580 million of backlog in execution in the United States.