Canadian Chamber of Commerce in Latvia Destination Management Coordination (DMC) Policy and Procedure |
1) Purpose The Canadian Chamber of Commerce in Latvia (CanCham) promotes market entry, business opportunity or sales development in geographic regions unfamiliar to a client (a producer/provider of products, services or equipment).
This policy & procedure relates to how CanCham members can provide services in Latvia and the surrounding region to international businesses and/or receive services internationally through a facilitator to be designated as a Destination Management Coordinator (DMC). 2) Definition DMC (Destination Management Coordinator) is a professional services company or individual with local knowledge, expertise and resources, working in the design and implementation of events, activities, transportation and program logistics for a client with the purpose of developing business opportunities in a particular region for the specific client. 3) DMC Requirements To become a certified CanCham DMC, the DMC must meet the following requirements.
4) Groups Generally, DMC services will apply to, but are not limited to the following groups:
5) Contractual All contractual obligations are between
6) Remuneration / Compensation A DMC is not expected to finance the client’s projects. The intent of the remuneration policy is to compensate the DMC for services provided, but to minimize the investment risk of the client. Standard remuneration terms are recommended to start and may be modified as agreed.
7) Accountability
8) Web site facilitation
9) Termination of DMC status DMC status can be revoked by the Chairman of the CanCham Board or his designate without notice if:
Termination decisions may be appealed to the Board. |
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