International Trade

Mastering the Basics of Letter of Credits


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

P 9,880.00 / person - when you register and pay on or before February 26

P 10,880.00 / person - Regular Rate


WEDNESDAY, MARCH 26, 2025 * 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 one-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


He 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 and Singapore. 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


1. Overview of International Trade
2. Commonly used Payment Terms – Advance Payment, Open a/c, Collections, Letters of Credits, SBLC
3. Trade Documents commonly used in International Trade - Bills of Exchange, Bills of Lading, Invoices, Packing List, Insurance, Cert of origin etc.
4. Overview of Trade terms commonly used in International Trade - FOB, CFR, CIF, FCA, CIP, CPT, EXW, FAS, DAP, DPU, DDP.
5. Step by Step detailed flowcharts of Letter of Credit works
6. LC charges – who pays
7. Date of Issue, Latest Shipment date, Presentation period ; Date and Place of Expiry.
8. Practical pointers when applying for a Letter of Credit (Importer).
9. How interpret LC Terms & Conditions
10. How to prepare and check documents to avoid discrepancies.

11. Common Discrepancies - Why; How To Avoid
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. Practical Exercises



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".
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Center for Global Best Practices (CGBP) is accredited by the following institutions
Contact Details
For clarification or request for an invitation letter, you may reach out to:

Contact Person: Elisha Afloro
Mobile Number (+63 939) 914-8689
Telefax: (+632) 8842-7148 or 59
Email: elisha_cgbp@yahoo.com


Account Name: Center for Global Best Practices Foundation, Inc.

Metrobank: 495-3-495-504-418
Unionbank: 0013-3002-7702
PNB: 1477-7000-0961
Landbank: 3832-1015-82

Address

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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