A letter of credit is one method of payment used in international trade transact
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| Description: | Industry: Trade Speaker: Jan Seal DESCRIPTION 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 is 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. Why Should You Attend: (1) Understand the process of a letter of credit; (2) Reduce or prevent costly discrepancies and amendments; and (3) Learn the benefits of using a letter of credit. Areas Covered in the Session: 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 Webinar includes: Q/A Session with the Expert to ask your question PDF print only copy of PowerPoint slides 90 Minutes Live Presentation Certificate of attendance |
| URL: | https://www.compliance2go.com/product/?topic=letters-credit |
| Date: | Tuesday, June 28, 2016 |
| Access: | Public |
| Category: | Education* |
| Created by: | Public Access |
| Updated: | Thursday, April 14, 2016 11:37am UTC |
| : | $179 |
| : | (877) 782-4696 |
| : | subscribe@compliance2go.com |
| : | David |
| : | (877) 782-4696 |
| Comments: | None |