Transferable Letters 2015 - Transferable Letters of Credit for Export Financing

Transferable Letters of Credit for Export Financing
This 60-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.
Why Should You Attend:
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.
This 60-minute comprehensive training will help exporters understand Transferable Letters of Credit and how to use them for financing the purchase goods from a supplier for shipment.
Learning Objectives:
Attendees will learn how to use Transferable Letters of Credit to finance exports and what terms and conditions they must comply with for successful transactions.
Areas Covered in the Webinar:
? What is a Transferable Letter of Credit, UCP Article 38.
? How it is used for export financing.
? What are the terms and conditions of a transferable LC.
? How do I substitute my invoice for the higher amount.
? How do I transfer a LC to a second party supplier.
? What are the benefits of a transferable LC.
? What are the risks of a transferable LC.
? How confidential is the transferable LC.
Free Handout:
Attendees will get a complimentary copy of The First Internet Trade Transaction Manual for Global Commerce ? InterNetLC.com, LLC.
Who Will Benefit:
This webinar will provide valuable assistance to all companies that export or import goods and need trade financing for the purchase of all or part of their goods from a second party.
? Export trading companies that need financing.
? Import companies that are asked to provide a Transferable Letter of Credit.
? Freight Forwarding companies that must prepare negotiable documents for clients.
? Bank staff involved with commercial bank trade finance services.
Instructor Profile:
John W. Dunlop, is CEO of InterNetLC.com, LLC. InterNetLC.com provides the eTrade Finance Platform as an open source web service for online eUCP Letter of Credit and trade finance transactions. The company also provides Documentary Letter of Credit Management services to assist exporters and importers in managing the letter of credit process from purchase order to final payment. InterNetLC.com, LLC has been awarded an Export Achievement Certificate for accomplishments in the global marketplace by the US Commercial Service.
Contact for Registration:
http://www.complianceonline.com/transferable-lette...