Trade And Logistics 2011 - Introduction to Letters of Credit -Trade And Logistics webinar by ComplianceOnline

Why Should You Attend:
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 exporter (beneficiary) if the terms and conditions of the documentary credit are complied with.

Attend this webinar to understand the process of a letter of credit and how to comply with letter of credit requirements to help reduce or prevent costly discrepancies.

Areas Covered in the Seminar:

Letter of Credit (L/C) process.
Terminology in L/C.
L/C instructions and preparation.
Review of a L/C.
Checklist for a L/C.
Costs for importer and exporter.
Types of discrepancies.
Documents in a L/C.
Overview of UCP 600.