CEMS offers services to Dubai Chamber.Dubai: Dubai Chamber and Coface Emirates Services (CEMS CEMS Community of European Management Schools CEMS Continuous Emission Monitoring System CEMS Chemical Engineering & Materials Science CEMS Conversion Electron Mossbauer Spectroscopy CEMS Comprehensive Engine Management System CEMS Centralized Error Management System ) on behalf of France-based Coface "Compagnie Francaise D'Assurance pour Le Commerce Exteriors" signed a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. (MoU) whereby CEMS will offer international debt collection services to the Chamber's members and non-members while the Chamber will support the debt collection services in its entirety. Hamad Bu Amim, director-general of Dubai Chamber, and David Venediger, managing director, CEMS, signed the agreement at the Chamber premises last week as the two agreed to work jointly to provide this important service of recovering international B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business debts. Said Bu Amim, "This strategic partnership with Coface Emirates Services is yet another example of the dynamic approach that the Chamber has with regards to value-added services for the business community as it will provide with an online access to monitor their debt collection process, first action within 24 working hours from receipt of debt, no recovery no fee, and pre-legal diagnosis at the end of the amicable procedure." Resources "The present credit crisis is starting to have an impact and the payment behaviour of companies has clearly deteriorated since the beginning of 2008," said David Venediger, MD of CEMS. "Dubai Chamber members will get the service on discounted rates and will benefit from Coface's 60-years experience of handling account receivable account receivable Any amount owed to a business as the result of a purchase of goods or services from it on a credit basis. Although the firm making the sale receives no written promise of payment, it enters the amount due as a current asset in its books. worldwide. Companies now have the resources to recover bad debts more efficiently," he added. [c] Al Nisr Publishing Al Nisr Publishing is a company based in Dubai, UAE. The company is a part of Al Tayer Group. It was established in 1985 by Obaid Humaid Al Tayer, Abdullah Al Rostamani and Juma Al Majid. It employs 1,050 people and has branches in Manilla, Bahrain, Abu Dhabi and Sharjah. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control 2007. All rights reserved. Provided by Syndigate.info an Albawaba.com company |
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