Trade & Logistics Compliance 2012 - Transferable Letters of Credit for Export Financing

This 90-minute training will help exporters understand Transferable Letters of Credit and how to use them for financing the purchase goods from a supplier for shipment.

Companies that export products internationally can use Transferable Documentary Letters of Credit to finance the purchase of goods for shipment. The exporting company (1st beneficiary) of a letter of credit can “transfer” all or a portion of the credit to a second party or supplier (2nd beneficiary) for the purchase of goods and services. When the suppier ships the goods, the negotiating bank can replace the 2nd beneficiary’s invoice with the 1st beneficiary’s invoice for the full value of the letter of credit.