Training investment is inclusive of Meals, Resource Kit & Certificate of Completion

P 16,880.00 / person - when you register and pay on or before September 19

P 18,880.00 / person - Regular Rate

Contact Person: Ayessa Narvaez

Mobile Number 09399148689

Telefax: (+632) 8842-7148 or 59

Email: ayessa_cgbp@yahoo.com

Thursday & Friday, October 19 & 20, 2023 * 9:00 am to 5:00 pm

Course Description

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 payment delays in LC transactions, liabilities of banks, remedies and many more!

Course Director & Lecturer

Mr. 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 apply INCOTERMS for 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
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, DAP, DPU, DDP
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

Attendees from the government are exempted from the P2,000.00 limit set by COA for attending training provided by the private sector based on Department of Budget and Management Circular No. 563 dated April 22, 2016.

Attending this training is not covered by Philippine Procurement Law or RA 9184 based on its Revised IRR’s Section 4.5-b. which classifies training continuing education, conferences and similar activities as "non-procurement activities that shall be governed by applicable COA, CSC, and DBM rules".


Unit 905 Richville Corporate Tower
1107 Alabang-Zapote Road
Madrigal Business Park
Muntinlupa City, 1780, Philippines

Contact Us

(+63 2) 8556-8968 (+63 2) 8556-8969 (+63 2) 8842-7148 (+63 2) 8425-9752 (+63 2) 8842-7159 cgbp.info@gmail.com

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