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Introduction to International Letters of Credit

  • Training

  • 90 Minutes
  • Compliance Online
  • ID: 5974839
This training program will offer attendees an in depth look at the process behind a letter of credit. It will illustrate best practices to comply with the letter of credit requirements to avoid legal penalties.

Why Should You Attend:

A letter of credit is one method of payment used in international trade transactions. The Uniform Customs and Practices (UCP 600) are the current internationally recognized set of rules created by the International Chamber of Commerce (ICC) which govern the use of letters of credit.
The benefit to using a letter of credit is that it provides a conditional guarantee of payment from the importer (applicant) to the exporter (beneficiary) if the terms and conditions of the documentary credit are complied with.

Attend this webinar to understand the process of a letter of credit and how to comply with letter of credit requirements to help reduce or prevent costly discrepancies.

Areas Covered in the Webinar:

  • Letter of Credit (L/C) process
  • Terminology in L/C
  • Preparation of L/C Instructions
  • Important Areas to Review in L/C
  • Checklist for Reviewing L/C
  • Costs for Importer and Exporter
  • Types of Discrepancies to Avoid
  • Documents in a L/C
  • Overview of the UCP 600

Who Will Benefit:

  • International Sales and Marketing
  • International Customer Service
  • Purchasing
  • Finance and Accounting
  • Customs brokers/freight forwarders
  • Import/Export Compliance Personnel
  • International Bank Finance Department Staff

Course Provider

  • Jan Seal
  • Jan Seal,