Presentation Materials - Jim Gould Surfaces Education Session - February 3, 2010
Avoiding Landmines in Import Flooring
What are the costs of importing?
•When does title pass and when does the risk of loss become mine?
What are the best financing options and terms for importing?
What recourse do I have with a supplier that is 8,000 miles away and has already exercised my Letter of Credit but his product does not meet my expectations?
To answer these questions and more in one venue the Floor Covering Institute put together a panel of trade experts to discuss the basics of importing at Surfaces 2010 in Las Vegas. We discussed ways to avoid potential problems when importing, alternative commercial terms, FAS, FOB, DDP, EXW, CIF and when title and risks pass to the importer, alternative financing, insurance, dispute resolution, making entry through customs and more. The panel of trade experts included Scott Kaiser, Vice President of Bank of America-Merrill Lynch’s Global Trade & Supply Chain Solutions; David R. Stepp, Esq., general partner of Bryan Cave LLP, and Craig Vigliotta, General Manager of BlueLinx Import Distribution, moderated by Jim Gould, president of the Floor Covering Institute and long time floor covering importer.
Materials provided at the session are now available to you, just click on the links to the documents to the right.