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Introduction

The Incoterms® 2020 Rules are the internationally recognized standards that govern the allocation of costs, risks, and responsibilities between sellers and buyers in international sales contracts. When applied correctly, Incoterms® enhance legal certainty and help mitigate the risk of legal disputes and unforeseen additional costs.

This course offers a detailed examination of each Incoterms® 2020 clause and their practical implications in cross-border transactions. Particular emphasis is placed on the rights and obligations arising for both parties, as well as on the correct and effective application of the rules in day-to-day business operations, ensuring participants gain a comprehensive understanding of these critical provisions.

The course is suitable for participants who are new to the Incoterms rules and those who need an update / refresher on the rules.

Content

1. Introduction to Incoterms® rules
2. Why use them – risk, obligations, cost implications
3. The terms – difference between conventional maritime terms and those for other modes
4. The terms in detail (E, F, C and D Group terms)
5. Incoterms and e-commerce
6. Incoterms and insurance
7. Which term to use
8. Topical issues – Incoterms and payments

The Lecturer

Jon Walden is a Principal Consultant and trainer specializing in Customs, International Trading and Trade Facilitation, with over 35 years of experience in international trade. His expertise spans customs compliance, export development, freight forwarding, trade finance, logistics, and supply chain strategy. Recognized as a thought leader, Jon advises public institutions, multinationals, SMEs, and trade associations, and regularly delivers training and technical assistance worldwide.

He has worked in over 45 countries across Europe, the Middle East, Central and Southeast Asia, and Africa, including in conflict-affected and humanitarian contexts. Jon is a Fellow of the Chartered Institute of Export & International Trade and the Institute of Freight Professionals, and serves on expert rosters for UNCEFACT and UNCTAD. He has contributed to global initiatives such as the ICC Incoterms 2020 review and delivers accredited training on the subject. Jon is a tutor and examiner for the International Trade Centre and the Chartered Institute of Export and International Trade professional qualifications.

A published author and frequent speaker at international forums—including WCO, Intermodal Africa, and Cranfield Agile Club—Jon also designs and leads trade competitiveness programs, such as those for the EBRD, benefiting SMEs across 14 countries.

Admission

CHF 250.- for LCTA’s Executive Board and Regular members (25% discount from the 2nd participant)
CHF 275.- for LCTA’s Sponsor members (15% discount from the 2nd participant)
CHF 320.- for non-members

Maximum number of participants: 25
Registrations are accepted on a first-come, first-served basis.
Participants will be awarded a Certificate of Participation.

Target audience

Junior traders, logistics and back-office professionals in commodity trading.

Registration

Please register by October 9, 2025 through this link.

If a participant is unable to attend the course, a substitute may be appointment at any time. Requests for substitutions will only be accepted by e-mail to events@lcta.ch. For cancellations made 5 days or less before the course start date, 30% of the fee will be retained to cover administrative expenses.
All “No Shows” will be charged the full course cost.

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Introduction

In commodity trading, alongside market risk, price volatility is the predominant risk. Mitigating and managing price risk requires a combination of strategic knowledge, use of financial instruments, and clear organizational policies.

LCTA members’ employees should understand market risk exposure and have a comprehensive grasp of price risk, and its mitigation and management via hedging tools.

Content

Session 1: Friday, May 16, 2025 from 14:00 to 18:00

• Introduction to commodities risk management, different types of commodities risks, organizational responses and policies.
• Definition of price risk, price types and pricing mechanisms, price exposure and hedging; hedgeable and residual (basis) risks.
• Hedging methods and review of derivatives hedging instruments (futures, swaps, options).
• Practical examples and case studies of pricing mechanisms and relevant hedging techniques.

Session 2: Saturday, May 17, 2025 from 9:00 to 13:00

• Price risk measures (VaR), exposure monitoring, calibration and back testing techniques.
• Clearing and margining requirements of hedging operations, margin stress testing.
• Practical examples and case studies of price risk exposure monitoring and hedging responses, VaR back-testing.

Lecturer

Ganna Lysenko, Vice-President of Commodity Trading Alumni Association (CTA)
Ganna is senior financial expert with extensive experience in banking, commodity trading, credit and price risk management, and compliance.

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Admission

• CHF 550.- (VAT excl.) for LCTA’s Executive Board and Regular members, ZCA members and CCTS Alumni; a 25% discount applies from the 2nd participant from the same company
• CHF 605.- (VAT excl.) for LCTA’s Sponsor members; a 15% discount applies from the 2nd participant from the same company
• CHF 690.- (VAT excl.) for non-members

Maximum number of participants: 20.
Registrations are accepted on a first-come, first-served basis.
Participants will be awarded a Certificate of Participation.

Remark for CCTS Alumni: this course is accredited for the SAQ re-certification for the “Certified Commodity Trading Specialist” (CCTS) certification (8 credits).

Target audience

Junior Commodity traders or professionals interested in acquiring key skills and knowledge in commodity trading and commodities risk management.

Registration

Please register by May 9, 2025(*) through this link.

(*) an early registration is advised to participate in the online introductory session on April 16, 2025, and to actively contribute shaping the training course.

If a participant is unable to attend the course, a substitute may be appointment at any time. Requests for substitutions will only be accepted by e-mail to info@lcta.ch. For cancellations made 5 days or less before the course start date, 30% of the fee will be retained to cover administrative expenses. All “No Shows” will be charged the full course cost.

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In an increasingly complex international context, the sanctions landscape is likewise growing more complex, whether in terms of how they are adopted and implemented, the number of nations affected or even the types of penalties themselves.

Switzerland has independently participated in the United Nations’ non-military sanctions program since 1990. Following its membership in the UN, our Country is now required by international law to implement non-military coercive measures adopted by the UN Security Council. On March 4, 2016, the Federal Council enacted the Ordinance on the automatic application of the UN Security Council’s sanctions lists, which gives modifications to the UN Security Council sanctions lists immediate legal effect in Switzerland. On the basis of the UN sanctions, Switzerland has instituted so-called “embargo” measures in the form of Federal Council Ordinances. As of January 1, 2003, these are based on the Federal Act on the Implementation of International Sanctions (Embargo Act, EmbA). Switzerland can also order measures in application of the sanctions of the Organization for Security and Cooperation in Europe or of its main trading partners, as it has for instance been the case with the European Union in recent measures regarding Belarus or the situation in Ukraine.

Sanctions can be of various types: related to goods (e.g. prohibitions on providing armament and related material, dual-use goods and/or equipment, technology and software for inspection purposes), financial (blocking of assets and economic resources, prohibitions on making assets available, mandatory declarations for blocked values), travel, and so on.

With the support and involvement of the State Secretariat for Economic Affairs (SECO), we will examine the Swiss sanctions landscape, with a focus on the complex package of sanctions against Russia, while also emphasizing obligations and responsibilities for businesses.

Program

16:00-16:10 | Introduction and moderation
Monica Zurfluh, Head of International Trade, Cc-Ti | Secretary General, LCTA

16:10-17:10 | Swiss sanctions
Rebekka Strässle, Head of Sanctions Division, State Secretariat for Economic Affairs (SECO)

17:10-17:30 | Q&A

17:30-18:30 | Networking apéro

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Join LCTA and Alma Impact to celebrate the graduation of the first class of Certified Commodity Trading Specialists and learn more about the second edition of the training program, which will start on October 11, 2024.

Program

16:45 Guest Registration

17:00 Start of the event

• Welcome speech
  Matteo Somaini, President of LCTA
  
• Geopolitical Context and Commodity Trading. Focus on China
  Alessandra Gianella, Co-Chairman of Swiss Chinese Chamber of Commerce (SCCC) Ticino Chapter and Owner of SinoCom
  
• Presentation of the second edition of the CCTS training program
  
• Graduation Ceremony: awarding of diplomas and prize-giving to the best performing student

18:15 Networking apéritif