As part of the Cotton Association of India’s (CAI) learning programme, we have now delivered two of our training courses in Mumbai.
The first course – ‘Cotton Contracting and ICA Bylaws & Rules’ – took place on January 27-28 at the CAI’s Mumbai headquarters. Developed to promote safe trading, the training was first launched last year in Pakistan. Following its success, Mr Derek Tanner, Past President of the ICA and Managing Director at DAT Arbitration & Consultancy (pictured), facilitated the training and delivered the two-day, interactive session.
Speaking about the training Derek said: “This course provides an excellent opportunity for delegates to consider domestic trades and also the international trade in cotton through the written contract and the application of the ICA Bylaws & Rules. It is fully interactive, with question and answer sessions throughout. The delegates also get the chance to work alongside each other to review practical cases and identify solutions to problems that can arise. It provides an ideal platform to share best practice and to identify how best to protect the contractual parties.”
The second course – ‘Managing Risk’ – also took place at the CAI’s Mumbai office on January 29-30. Delivered by Mr Chris Kramedjian, Risk Management Consultant with ICA member, INTL FCStone, the training enabled delegates to gain a deeper understanding of futures and options and how to develop trading plans and strategies.
“Risk management knowledge and understanding are advancing rapidly in India and I was glad to see that firsthand in the active participation of the attendees,”said Chris. “The face-to-face training gave us an opportunity to apply general principles to the specifics of India’s current reality. I believe the cooperation and understanding between the CAI and the ICA will remain a catalyst for growth in risk management for the future.”
India is the world’s second largest exporter of cotton and we believe it is vital that its cotton community has access to this type of training. We are confident that the training will contribute greatly towards creating a safer trading environment.
We will be hosting further training courses in various global locations during 2014 – visit our event calendar to find out more >