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.

The Ferrari Store presents an innovative retail environment designed to display the Ferrari collections to customer and to experience the history and the emotions of the Ferrari brand. Products range from Apparel (Menswear, Womenswear and Childrenswear) declined in Lifestyle and Fan to Accessories (Luggages and Handbags, Watches, Toys, Sunglasses, Car models, Memorabilia and Fragrances).

Furthermore, celebrating the 25° Anniversary of IACC, Ferrari will offer to all members of IACC and their associates, the Ferrari Store Family and Friends promotion with the opportunity to purchase a wide selection of  Ferrari Products at 20% discount*.

The offer applies to full price merchandise only, registration at cashier desk is necessary at the moment of purchase. This is a limited time offer, valid from September 15 until November 15.

Offer is valid only at Aventura Mall location, suite 2017, Nordstrom wing.

*Memorabilia and Car Models excluded

The Italy-America Chamber of Commerce is pleased to announce the commitment of “Zonin 1821” as a Gold Sponsor at “The Best of Italy Gala Night”.

With its close ties to the land for the past seven generations, the Zonin family heads the largest private vine growing and winemaking company in Italy.

Domenico Zonin, CEO of ZONIN 1821, since 2014, took over from his father Gianni Zonin, who has run the Company since 1967 for forty years, transforming it from a local dimension to being one of Italy’s most important wine producers and an established, well- known brand all over the world.

The heart of the company is located in Gambellara, in the province of Vicenza, an oasis of lush green hills, meticulously arranged vineyards, and also the ancestral home of the Zonin family.

The wooden wine press, located at the entrance hall of the Zonin’s headquarters in Gambellara, dates back to the beginning of the 19th century. In fact, the construction of wine presses, the way they work, and the system they use for pressing the grapes have essentially remained unchanged since early Roman times.

Zonin will bring their admirable excellence to “The Best of Italy Gala Night” as they will be the providers of Prosecco during the cocktail reception that will take place inside the Historic Alfred Dupont Building in the North Ballroom from 6 to 8pm.

To learn more about Zonin visit their official website: http://zoninusa.com/about-us/

Or visit them on Facebook at: https://www.facebook.com/zonin.america?fref=ts

For more details about “The Best of Italy Gala Night” visit: http://www.iaccse.com/the-best-of-italy-gala-night/

The Italy-America Chamber of Commerce is honored to announce the commitment of “Hitachi Rail USA” as a Silver Sponsor at “The Best of Italy Gala Night”.

Hitachi Rail USA has a wide range of products, ranging from high speed to driverless metros. On March 2016 the company announced the completion of a manufacturing facility for Miami-Dade County’s Department of Transportation and Public Works’ new Metrorail vehicles; a project originally initiated by AnsaldoBreda S.p.A, the most important Italian rail transport engineering company, which was sold in 2015 to Hitachi Rail USA, changing its name to Hitachi Rail Italy.

The 140,400 square-feet plant, located in Medley, FL., manufacture 136 cars and 272 motor bogies needed to replace the County’s Metrorail fleet. The Miami-Dade Department of Transportation and Public Works contracted the production to Hitachi Rail.

The assembly of the Metrorail vehicles began last March, and the first completed vehicles will begin the qualification-testing phase by the end of the year. The first new Metrorail vehicles will be put into service in late 2017.

During the street exhibit on the night of the event, Hitachi Rail USA will display on Flagler Street a preview of the Miami Metrorail cars that will be put into service in 2017. This is a one-time opportunity for participants to take a peak to Miami’s years to come.

To learn more about Hitachi Rail visit their website: http://italy.hitachirail.com/en/

Or visit them on their Facebook page: https://www.facebook.com/HitachiRailItaly/?fref=ts

For more details on “The Best of Italy Gala Night” visit: http://www.iaccse.com/the-best-of-italy-gala-night/

The Italy – America Chamber of Commerce is delighted to announce Apollo Bank’s commitment to “The Best of Italy Gala Night” as a Silver Sponsor.

Apollo Bank is a community bank based in Miami, with its main office in Brickell and 6 other branches spread around the city. It provides personal and business banking services for customers in Florida and internationally.

Community banking is about helping people. That’s why Apollo Bank is focused on understanding their clients’ needs in order to build long-term relationships. They are locally rooted, acting as connectors within Miami’s business community.

Aside from financials, Apollo Bank is also known for engaging in the local community. They give back by making decisions that respond to the local community’s need and play an active, leadership role in the community service activities

For more information on Apollo Bank & their services visit their website: http://www.apollobank.com/

Or visit them on their Facebook page: https://www.facebook.com/apollobank

For further information about “The Best of Italy Gala Night”:
http://www.iaccse.com/iacc-gala-made-in-italy-night-in-dow…/

The Italy-America Chamber of Commerce is grateful to announce the commitment of a Silver sponsorship from Brickell Flatiron.

Built by Miami’s premier visionary developer—Ugo Colombo’s CMC Group—Brickell Flatiron is set to become the next true architectural icon of Miami.

Known for their built-to-last approach, Colombo’s projects are revered for the inherent quality and craftsmanship, and a consistent above-average resale value.

Designed by renowned local architect Luis Revuelta and Italian interior architect Massimo Iosa Ghini, this magnificent tower is clad completely with glass, with wide terraces and beautifully curved balconies. The original lobby and common areas will be adorned with artwork from the legendary artist Julian Schnabel.  Panoramic views of the Biscayne Bay and the Miami skyline are offered from wonderfully proportioned floor plans, ranging from one to five bedrooms.

No detail of comfort has been overlooked in this masterpiece.

Residences feature high ceilings, premium Casalgrande Padana porcelain tile flooring, and exceptional finishes and amenities. Floor-to-ceiling windows and sliding glass doors open onto wide elliptical balconies with glass railings. Recessed down lights illuminate the kitchen, bathrooms, and hallways. Every room in each residence has been conceived to provide the highest degree of quality using top name-brand manufacturers.

The custom Italian kitchens have been designed with Snaidero cabinetry, Zucchetti faucets, Caesarstone counter tops, and Miele top-of-the-line appliances.

The master bath features hand-selected, polished Italian-marble floors and accent walls, custom-designed double sinks, Zucchetti faucets and fixtures, and Italian Milldue suspended cabinetry.

The epitome of modern luxury, Brickell Flatiron was designed as a state-of-the-art, full-service building. Hospitality-inspired amenities include private concierge services, a billiards and cigar room, a wine room, a children’s play room and pool, a movie theater, and a 64th-floor rooftop sky club with a pool and a spa and fitness center offering limitless 360-degree views of Miami’s landscape.

Learn more about the beautiful Brickell Flatiron at: http://www.brickellflatiron.com/?gclid=CKWo57nlls4CFc1bhgod46QKlA

Or visit them on their Facebook page: https: //www.facebook.com/brickellflatiron

For further information about “The Best of Italy Gala Night” visit:
http://www.iaccse.com/iacc-gala-made-in-italy-night-in-dow…/

Alfa Romeo & Fiat of North Miami is pleased to invite you to the grand launch of the new FIAT 124 Spider, on Thursday July 21st.

The 124 Spider is the newest compact convertible in the Italian automaker Fiat’s lineup and the revival of a 50-year-old nameplate.

All IACC members are cordially invited. We look forward to seeing you there!

Dea is happy to announce its presence at two of the most important events in the Home Textile business: The Atlanta International Gift & Home Furnishing Market, that will take place in the capital of Georgia from the 14^th July to the 18^th July, and the NY Now, from the 21^st to the 24^th of August in the Big Apple.

After the successful addition of the Atlanta Market last January and with the forecast of a 50% more of visitors, we are expecting a great response this summer.  We are ready to present our new collections of bed, bath and table linens in different patterns from the fine handmade embroideries and precious laces to the most modern and unique jacquards along with stunning digital prints. We invite you to visit our booth that will be in Building 2, Floor 1, #229 in the High Design section.

We also hope to see you all in NY where we will be based in our showroom located in 230 5^th Avenue – lobby 10 (not in Javits Center).  We will be glad to introduce you Dea’s luxury linens and we encourage you to feel our products in order to realize the luxury value and high-quality of our items.

For more information, do not hesitate to contact us:

tommaso@dea-italy.it

cathy@dealuxurylinens.com

We’ll meet you there!!!