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.
- General
- be identified with a specific geographic
region,
- be identified with a specific group
activity,
- be approved by the CanCham Board.
- in Latvia
- be a Corporate, Senior Corporate or Corporate Contributing member in good standing, or be an active Group Leader.
- Internationally
- agree to participate as a DMC
- adhere to the policies & procedures applicable to DMC’s
4) Groups
Generally, DMC services will apply to, but
are not limited to the following groups:
- Trade Facilitation & Export (Market
Entry)
- Health & Leisure
- Construction Related Services
- Business Support
5) Contractual
All contractual obligations are between
- the CanCham member and the international
DMC for services internationally,
- the international client and the CanCham
DMC in Latvia for services provided in Latvia and immediate region.
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.
- €40.00 ($60.00 CAN) or equivalent per hour (unless otherwise agreed) based on submitted time sheets for services provided.
- Compensation for direct expenses is extra
at cost.
- Invoicing may be on a weekly or monthly
basis, depending on the volume of work.
- Not included in the remuneration package are special arrangements made between the DMC and client for commissions, bonuses or other additional payments that may be agreed.
- A €1,000.00 retainer (or equivalent) paid by the client before the commencement of services,
- A € 200.00 (or equivalent) referral fee paid by the Client to the CanCham.
- Should additional CanCham services be
required (eg. for defining scope, providing a contract, negotiating terms,
etc.), a separate charge will apply.
- Local taxes are extra where applicable in
all cases.
7) Accountability
- The CanCham is not responsible for the
outcome of services between a DMC and a client.
- The DMC is obligated to inform the CanCham when a service agreement has been arranged.
- During initial discussions on cooperation, both the DMC and client are required to share information via copied e-mails with the CanCham representative facilitating collaboration.
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:
- a member is no longer a member in good
standing,
- this policy & procedure has not been
followed,
- there is evidence of unethical or illegal
practices,
- there are concerns about competence,
- service levels have no met expectations.
Termination decisions may be appealed to
the Board.
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