Jan Seal 2012 - International Letters of Credit

Why should you Attend:

(1) Understand the process of a letter of credit

(2) Reduce or prevent costly discrepancies

Attendees will get a Free Document PDF Print only copy of PowerPoint slides shared by the speaker.

Description of the topic:

A letter of credit is one method of payment used in international trade transactions. The Uniform Customs and Practices (UCP 600) are the current internationally recognized set of rules created by the International Chamber of Commerce (ICC) which govern the use of letters of credit. The benefit to using a letter of credit is that it provides a conditional guarantee of payment from the importer (applicant) to the exporters (beneficiary) if the terms and conditions of the documentary credit are complied with.

Areas Covered in the Session:

(1) Letter of Credit process (L/C)

(2) Terminology in L/C

(3) L/C instructions and preparation

(4) Review of a L/C

(5) Checklist for a L/C

(6) Costs for importer and exporter

(7) Types of discrepancies to avoid

(8) Documents in a L/C

(9) Overview of the UCP 600.

Who will benefit: (Titles):

International Sales and Marketing

International Customer Service

Purchasing

Finance and Accounting

Customs brokers/freight forwarders

Import and Export Compliance

https://compliance2go.com/index.php?option=com_tra...