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