Professional Development Workshop - Letters of Credit

Letter Of Credit: The Oldest Method Of Payment In International Trade, Explained In 21st Century Language

Duration:

• 1/2 Day (4 Hours)
  This interactive workshop:
• Highlights & clarifies the basic terminology & procedures involved with different methods of payment used in international trade.
• Guides participants through the steps from “sales agreement” to “receipt of funds”
• Workshops Letters of Credit including electronic data transmission and most frequent errors

Attendees will:

• Participate in an interactive classroom style of instruction based on question and answer.
• Reinforce new learning in practical, small group workshops
• Return to the workplace fully trained on Documentary Credits and prepared to put their knowledge to practical use.

Topics covered include:

• Role and Responsibilities of Buyer, Seller, Logistics Service Provider, Banks.
• Terminology, definitions and documents including UCP 500, Drafts, Collection Letters.
• Complete “step by step” instructions and procedures for successful negotiations.
• Risks, rewards, dangers and pitfalls.

A Must Attend For:

• International Freight Forwarders: Export managers, supervisors, and all employees involved in exporting. Customer Service, Sales personnel, Customs other logistics service providers who guide or advise clients.
• Canadian Exporters & Importers: Management and personnel involved in International Sales, Purchasing, Procurement, Finance, Logistics.

Rewards include:

• Reduction in errors -- fewer bank penalties
• Reduced costs
• Faster, more efficient processing of LC transactions

Register online.