Conference Description:
Companies that export and import products can use Documentary Letters of Credit to purchase and sell goods globally. Letters of Credit are the primary instruments for assuring payment of goods sold internationally. Letters of Credit are issued under the Uniform Customs and Practice standard and can be negotiated by over 30,000 banks worldwide. Understanding the proper terms and conditions that make up a Letter of Credit will assist in its reliable payment.
This 90-minute webinar will help exporters and importers understand Letter of Credit terms and conditions that go into structuring a transaction for successful payment and receipt of goods.
Learning objectives:
Attendees will learn how to use Letters of Credit to assure payment for exports, how to apply for a Letter of Credit and what terms and conditions should be used for successful transactions.
Areas Covered:
- What is a Commercial Letter of Credit
- What is a Documentary Letter of Credit
- What is a Standby Letter of Credit
- What is a SWIFT Field
- What is the Uniform Customs and Practice, UCP
- What are the terms and conditions of a Letter of Credit
- How can I assure payment for my shipment
- What are the benefits of a Letter of Credit
- What are the risks of a Letter of Credit
Start Date: 2012-03-16
Last Day: 2012-03-16
Contact Person: Referral
Email: referral@complianceonline.com
Address:
2600 E. Bayshore Road, Palo Alto, California, 94303, United States
Tel: 6506203915
Fax: +1-650-963-2556
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