Download: Flyer - Black&White (.PDF 337kb)
Course Outline (.PDF 84kb)
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8 & 9 JULY 2010 * EDSA SHANGRI-LA HOTEL, MANDALUYONG CITY * 9:00 AM to 5:00 PM
In the light of the recent financial crisis, are you aware that there are over 20 pitfalls and traps in the use of various types of letters of credit (LC), that can result to losses and non-payment of an LC when it is done improperly? Many companies resort to these bad tricks deliberately to victimize others. If you don’t know this, then this seminar is for you.
Eliminate the risk of issuing an LC by attending this two-day comprehensive program to guide you on everything one needs to know about LC transactions. Attendees will learn the practical steps in issuing proper LCs and how they work, what to do to avoid pitfalls, and actions to take in cases of discrepancies. The program will also cover new regulations (and the application of UCP 600) involving letters of credit.
This special program 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 delays in payment in LC transactions, liabilities of banks, remedies and many more!
Eliminate the risk of issuing an LC by attending this two-day comprehensive program to guide you on everything one needs to know about LC transactions. Attendees will learn the practical steps in issuing proper LCs and how they work, what to do to avoid pitfalls, and actions to take in cases of discrepancies. The program will also cover new regulations (and the application of UCP 600) involving letters of credit.
This special program 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 delays in payment in LC transactions, liabilities of banks, remedies and many more!
Seminar Investment is P12,880 or U$280 inclusive of Meals, Resource Kit, & Certificate of Attendance
REGISTER NOW and Avail of
Early Bird and Group DISCOUNTS
CALL (+63 2) 842-7148 or 59
EMAIL: katrina@cgbp.org
Check: http://www.cgbp.org
REGISTER NOW and Avail of
Early Bird and Group DISCOUNTS
CALL (+63 2) 842-7148 or 59
EMAIL: katrina@cgbp.org
Check: http://www.cgbp.org
Course Director:
Victor Tan, MBA (Strathclyde), ACIB, MInstAM 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 use various types of letters of credit for one’s business advantage.
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 use various types of letters of credit for one’s business advantage.
Who Should Attend:
• 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
• 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
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Best Practices in Letters of Credit
An In-depth understanding of LC Operations, Pitfalls,
Tips & Traps in International Trade Transactions
Edsa Shangri-La Hotel, Mandaluyong City
9:00 am to 5:00pm, July 8 & 9, 2010
Course Outline
1. Overview of Methods of Payment and Trade Facilities in international Trade
2. Trade Documents commonly used in International Trade - Bills of Exchange, Bills of Lading, Invoices,
packing List, Insurance, Cert of origin etc.
3. Overview of Trade terms commonly used in International Trade - FOB, CFR, CIF, FCA, CIP, CPT, EXW,
FAS, DDP, DDU, DAF, DES, DEQ
4. Step by Step detailed flowcharts and Samples on how various types of Letter of Credit works
5. Cost Saving Areas in LC transactions which your bankers will never tell you
6. Why payments are often delayed in LC transactions and how to overcome this
7. Date of Issue, Shipment, Presentation; Date and Place of Expiry
8. Role and Liability of Banks and Rights of Recourse
9. Practical pointers when applying for a Letter of Credit (Importer).
10. How to prepare and check documents to avoid discrepancies
11. Discussion on Discrepancies - Why; How to Resolve
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. Concept of Confirmed LC and “Silent Confirmation LC”
16. Application of UCP 600 in Letter of Credit
17. Back to Back LC and Transferable LC
18. Pitfalls in LC operations
19. Case Studies and Best Practices Tips for Importers/Exporters
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SEMINAR FEE PER PERSON: P12,880 or U$280 (Fee covers Meals, Resource Kit, Certificate of Attendance)
GET AS MUCH AS 15% DISCOUNT! AVAIL OF ANY OR ALL OF THE FOLLOWING:
• Less 5% for early registrants (on registrations made on or before June 8, 2010)
• Less 5% for early payment (if made on or before June 28, 2010)
• Less 5% for group registration (minimum of 3 participants)
SEMINAR FEE PER PERSON: P12,880 or U$280 (Fee covers Meals, Resource Kit, Certificate of Attendance)
GET AS MUCH AS 15% DISCOUNT! AVAIL OF ANY OR ALL OF THE FOLLOWING:
• Less 5% for early registrants (on registrations made on or before June 8, 2010)
• Less 5% for early payment (if made on or before June 28, 2010)
• Less 5% for group registration (minimum of 3 participants)