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                                                              CGBP                                                                              
presents

Thursday & Friday, October 12 & 13, 2017 * 9:00AM to 5:00PM
EDSA SHANGRI-LA HOTEL, MANDALUYONG CITY, PHILIPPINES
There are 9 different types of Letters of Credit (LC) that you can use as payment instruments in your import and export transactions. Each one has its use and advantage. Master all of these by attending this two-day comprehensive program. Eliminate the risk of issuing an LC, correct the improper documentation that may resort to non-payment and losses, and learn the bad tricks used by some companies to victimize others.

We will guide you in everything you need to know about the practical steps in issuing proper LCs and how they work, what to do to avoid more than 20 major pitfall and traps, and teach you the actions to take in cases of discrepancies. This intensive training program will cover new regulations (and the application of UCP 600) involving letters of credit.

We will also present easy-to-understand case studies and samples to highlight best practices pointers and tips, including topics such as cost saving areas in LC operations that your banker will never tell you, overcoming delays in payment in LC transactions, liabilities of banks, remedies and many more!
   Limited Seats Only, Pre-Registration Required

   REGISTER NOW! Avail of the Group DISCOUNT

Seminar Investment is P15,500 inclusive of Meals, Resource Kit & Certificate of Attendance

   Contact Person: Donna Dy
   Manila lines: (+632) 556-8968 or 69
 Manila Telefax: (+632) 842-7148 or 59
   Cebu lines: (+63 32) 512-3106 or 07
   Baguio line: (+63 74) 423-5148
   Legazpi line (+63 52) 736-0148
   Email: donna.cgbp@yahoo.com
   Check: www.cgbp.org
Course Director: Victor Tan, MBA (Strathclyde), ACIB, MInstAM is an authority in the field of trading and banking with 15 years of banking experience covering the areas of International Trade Finance, Remittances, Guarantees, Import and Export departments. He has worked with various International Banks since 1977 starting with Standard Chartered Bank, Amsterdam-Rotterdam Bank, Bangkok Bank, Royal Trust Merchant Bank and lastly Barclays Bank, where he was Deputy Head, Trade Finance.

Since 1992 he has been conducting highly specialized training in Jakarta, Bangkok, Singapore and Philippines --including Bangko Sentral ng Pilipinas and US Embassy in Manila. He also holds a Master of Business Administration degree from University of Strathclyde, UK and is a qualified Life Associate Member of the Chartered Institute of Bankers, London. He will teach everything one has to know on how to use various types of letters of credit for one's business advantage.
                Who Should Attend:

         • Exporters & Importers
         • Traders & Entrepreneurs
         • Bankers & Insurers
         • CFOs and Comptrollers
         • Company Treasurers
         • Financial Auditors
         • Business Consultants
         • Those engaged in logistics and
            transportation of goods
         • Anyone who wants to fully
            understand LC operations


Business World Online International Chamber of Commerce Tri-ISys Forbes College



Mastering the Use of LC for Import & Export

An In-depth understanding of LC Operations, Pitfalls,
Tips & Traps in International Trade Transactions

EDSA Shangri-La Hotel, Mandaluyong City, Philippines
Thursday & Friday, 9:00 am to 5:00pm, October 12 & 13, 2017


Course Outline


1.   Overview of Methods of Payment and Trade Facilities in international Trade
2.   Trade Documents commonly used in International Trade - Bills of Exchange, Bills of Lading, Invoices,
      packing List, Insurance, Cert of origin etc.
3.   Overview of Trade terms commonly used in International Trade - FOB, CFR, CIF, FCA, CIP, CPT, EXW,
      FAS, DDP, DDU, DAF, DES, DEQ
4.   Step by Step detailed flowcharts and Samples on how various types of Letter of Credit works
5.   Cost Saving Areas in LC transactions which your bankers will never tell you
6.   Why payments are often delayed in LC transactions and how to overcome this
7.   Date of Issue, Shipment, Presentation; Date and Place of Expiry
8.   Role and Liability of Banks and Rights of Recourse
9.   Practical pointers when applying for a Letter of Credit (Importer).
10. How to prepare and check documents to avoid discrepancies
11. Discussion on Discrepancies - Why; How to Resolve
12. Practical pointers for Exporters when presenting documents under a Letter of Credit
13. Common LC Discrepancies checklist
14. Detailed checklists for Exporters and Importers
15. Concept of Confirmed LC and "Silent Confirmation LC"
16. Application of UCP 600 in Letter of Credit
17. Back to Back LC and Transferable LC
18. Pitfalls in LC operations
19. Case Studies and Best Practices Tips for Importers/Exporters



Note: You may also find of interest the sequel of this seminar entitled,
"Incoterms 2010"
to be held on March 9, 2018 at the Manila Marriott Hotel
Pasay City, Philippines.

Click to see Full Details                   Download Registration Form


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SEMINAR FEE PER PERSON: P15,500 (Fee covers Meals, Resource Kit, Certificate of Attendance)

GET AS MUCH AS 5% DISCOUNT! AVAIL OF ANY OR ALL OF THE FOLLOWING:

Less 5% for early registrants (on registrations made on or before September 12, 2017)
Less 5% for early payment (if made on or before October 2, 2017)
Less 5% for group registration (minimum of 3 participants)

CLICK HERE TO ENROLL NOW!

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Share |
Download: Flyer - Black&White (.PDF 376kb)
             Course Outline (.PDF 124kb)