This training program on letters of credit for importers and exporters is designed to provide attendees with an end-to-end understanding of the L/C (letter of credit) process. From the beginning of a contractual agreement, through the letter of credit application process and actual negotiation of the L/C, this information-rich webinar will provide techniques that are indispensable to both importers and exporters.
In recognition of the challenges associated with the execution of international payment terms, this webinar will provide both importers and exporters with the insight necessary to make well-informed credit decisions. Using a combination of easy-to-understand explanations and real-life scenarios, this program is ideal for credit managers, international sales people, logisticians and order management personnel.
If you are an importer or exporter and need to understand the details of how to negotiate, prepare and execute error-free letters of credit, this webinar is a must-attend event.
Why Should You Attend:
Even in today’s free trade-oriented business environment, companies must exercise particular caution when agreeing on payment terms. With financing choices that include cash in advance, open terms, letters of credit (L/C), sight drafts and time drafts, both importers and exporters need to understand the true implications of their credit policies and practices.In recognition of the challenges associated with the execution of international payment terms, this webinar will provide both importers and exporters with the insight necessary to make well-informed credit decisions. Using a combination of easy-to-understand explanations and real-life scenarios, this program is ideal for credit managers, international sales people, logisticians and order management personnel.
If you are an importer or exporter and need to understand the details of how to negotiate, prepare and execute error-free letters of credit, this webinar is a must-attend event.
Learning Objectives:
- Gain a comprehensive understanding of the letter of credit process
- Learn how to negotiate the terms of both import and export L/Cs
- Be 100% aware of letter of credit documentation requirements
- Be aware of all expenses associated with using letters of credit
- Learn how to avoid amendments and discrepancies
- Understand the role of banks and freight forwarders in the L/C process
Areas Covered in the Webinar:
- Documentary credits defined
- Letters of credit for exporters
- Sight drafts and time drafts
- Documentation requirements
- Letters of credit for importers
- The letter of credit process
- Amendments and discrepancies
- Tips for negotiating L/C terms
Who Will Benefit:
- Exporters
- Logistics and trade professionals
- International sales executives
- Customs brokers
- Freight forwarders
- Airlines
- Steamship lines
- International banking personnel
- Professors and students of global trade
Course Provider
Daniel Gardner,
