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 Seminar:

Letter of Credit (L/C) process.
Terminology in L/C.
L/C instructions and preparation.
Review of a L/C.
Checklist for a L/C.
Costs for importer and exporter.
Types of discrepancies.
Documents in a L/C.
Overview of UCP 600.
Who Will Benefit:

International Sales and Marketing
International Customer Service
Purchasing
Finance and Accounting
Customs brokers/freight forwarders
Importers/Exporters
Instructor Profile:
Jan Seal, is a Management Consultant on International Trade and a Licensed Customhouse Broker with over 35 years of experience in imports and exports. Ms. Seal is a frequent speaker/instructor at nation-wide seminars for international companies located around the world and international trade organizations. She also is a consultant for medium to multi-national companies on trade compliance. She has taught courses for Import Specialists at the National Customs Academy.

She is the author of eight books on various international trade topics.

She received her BA Degree from California State University at Fullerton with a year of post-graduate work in Education at the University of California, Riverside. She received her MBA at California State University, Dominguez Hills, and is a member of Delta Mu Delta National Honor Society in Business Administration.

During this one-hour webinar you will learn about why so many U.S. manufacturers have moved production to Mexico under Mexico’s “Maquiladora Program”. If you ever considered moving some of your production to Mexico and didn’t….it might be time to think about it again. Some of the benefits that Mexico offers U.S. manufacturers are:

Close proximity to the United States
A young, low-cost, quality conscious workforce
No restrictions on foreign investment
The benefits afforded Mexico under the NAFTA
Mexico's 12 Free Trade Agreements with 32 countries
Since the inception of the Maquiladora Program in 1965 over 3,000 U.S. manufacturers have moved production to Mexico. The Maquiladora Program:

Allows Maquiladoras to be 100% foreign owned
Allow Maquiladoras to import duty free into Mexico all production related machinery, equipment, materials, and components where the articles are covered by NAFTA Certificates of Origin
Does not restrict what can be produced by a Maquiladoras
Allow Maquiladoras to sell a signification portion of their production in the Mexican national market
During the webinar you will hear two plant managers of U.S.-owned Maquiladoras present case histories of their move to Mexico and the president of Mexico’s oldest “Shelter Plan Program” will explain how easy it is to start-up and operate a Maquiladora Plant under the shelter plan.