Offsets are product or service delivery obligations incurred by a defense contractor to its government contract customer. Offset obligations arise under the primary contract for the sale of products by the contractor to the government agencies.Typically, these sale contracts involve high-priced, defense-related products having substantial value. The contracts are very lucrative for the contractor
We are pleased to introduce you to International Offset Corporation (“IOC”), a specialist in designing and implementing novel concepts of advanced countertrade for developing country clients. IOC can design and implement countertrade business models for its clients which enhance buying power by leveraging indigenous resource value.
IOC CELEBRATES 30 YEARS – OPENS ARTIS CORPORATE BARTER SOLUTIONS
2018 marks the 30-year anniversary of operations for IOC and its predecessor companies.
Beginning as a small retail barter exchange in 1987, ASSOCIATED BARTER SERVICES quickly rose to the Corporate trade arena, which then grew in the international arena serving multinational corporations whereas ABS then changed its name to ABS WORLDWIDE to reflect its international reach.
Expanding on its international success, ABS worldwide begin its involvement with governmental and countertrade affairs, then in 1997 expands its name to the INTERNATIONAL TRADE FINANCE CORPORATION, or ITFC. Through the success of this operation, in 2005 ITFC began to work in the defense offset arena whereas ITFC was later to become known as INTERNATIONAL OFFSET CORPORATION (IOC) to reflect its current projects.
IOC has now refocused its primary energies to re-establish itself as the leader in the domestic corporate trade arena once again, and launches its corporate arm, ARTIS corporate Barter Solutions as its domestic barter management company. IOC will remain strong in its governmental and countertrade operations for developing nations globally, operating in 21-time zones and approaching $1B in transactions by years end 2018.