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Letters of Credit for Importers and Exporters

4242
Duration : 60 Minutes

Douglas Cohen,

For more than 20 years, Mr. Douglas Cohen has been at the forefront of international trade and transactions.  With senior positions in private practice, the US Department of Commerce, the European Union, American Airlines, and the IATA, he has developed substantial expertise in import-export Read more


Letters of credit are the primary instrument for assuring payment of goods sold internationally. Issued under the Uniform Customs and Practice standard, letters of credit can be negotiated by over 30,000 banks worldwide. If you or your organization uses letters of credit, it’s crucial for your staff to understand how to effectively handle them.

Even in a business environment that is free trade-oriented, particular caution needs to be exercised by companies when they agree on payment terms. With financing options in addition to letters of credit that include sight drafts, time drafts, open terms and cash in advance, both exporters and importers need to understand the implications of their credit practices and policies.

This webinar by expert speaker Douglas Cohen will provide both exporters and importers the necessary insight to make well-informed credit decisions despite the challenges associated with the implementation of international payment terms. In this program, Douglas will use a combination of real life scenarios and easy to understand explanations that will help importers and exporters understand the details of how to prepare, negotiate and execute error-free letters of credit.

Course Objective:

• Gain a detailed understanding of the letter of credit process
• Learn how to negotiate the terms of both import and export letters of credit
• Be 100% aware of documentation requirements and all associated expenses
• Learn how to avoid amendments and discrepancies
• Understand the roles of banks and freight forwarders in the letter of credit process
• Documentary credits defined
• Letters of credit for both importers and exporters
• Sight drafts and time drafts
• Tips for negotiating letter of credit terms

Course Outline:

• CEOs, CFO, COO, Directors, VPs & C-Level Professionals
• Exporters/Importers
• International sales/BD Personnel
• Customs brokers
• Export/Import Compliance Personnel
• Freight forwarders
• International banking personnel
• Professors and students of global trade
• Supply Chain & Logistics Professionals
• Purchasing Manager
• Trade Consultants/Advisors
• Chambers of Commerce Professionals
• Foreign Trade Agency Professionals
• Airlines
• Steamship lines

What You Get:

• Training Materials
• Live Q&A Session with our Expert
• Participation Certificate
• Access to Signup Community (Optional)
• Reward Points

Who Will Benefit:

• CEOs, CFO, COO, Directors, VPs & C-Level Professionals
• Exporters/Importers
• International sales/BD Personnel
• Customs brokers
• Export/Import Compliance Personnel
• Freight forwarders
• International banking personnel
• Professors and students of global trade
• Supply Chain & Logistics Professionals
• Purchasing Manager
• Trade Consultants/Advisors
• Chambers of Commerce Professionals
• Foreign Trade Agency Professionals
• Airlines
• Steamship lines

Please reach us at 1-888-844-8963 for any further assistance or if you wish to register

100% MONEY BACK GUARANTEED

Refund / Cancellation policy

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Subject : Letters of Credit for Importers and Exporters


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