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Introduction to Letters of Credit

Submitted by Anonymous on Wed, 04/13/2011 - 00:41
04/26/2011 4:08 am
US/Central

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.

Webinar Presenters: 
ComplianceOnline
Webinar URL: 
http://www.complianceonline.com/ecommerce/control/trainingFocus/~product_id=701834?channel=WebinarCen
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  • Trade


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