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How To Get Paid In International Transactions: The Inns and Outs of Letters of Credit
- Gain a comprehensive understanding of the letter of credit process
- Learn how to negotiate the terms of both import and export L/Cs
- Be 100% aware of the letter of credit documentation requirements
- Be aware of all expenses associated with using letters of credit
- Learn how to avoid amendments and discrepancies
- Understand the role of banks and freight forwarders in the L/C process
Overview of the webinar
Letters of Credit are the primary instruments for assuring payment of goods sold internationally. Letters of Credit are issued under the Uniform Customs and Practice standard and can be negotiated by over 30,000 banks worldwide.
This web session is designed to provide attendees with an end-to-end understanding of the L/C (letter of credit) process. From the beginning of a contractual agreement, through the letter of the credit application process and actual negotiation of the L/C, this information-rich webinar will provide techniques that are indispensable to both importers and exporters.
Who should attend?
- Exporters/Importers
- Logistics and trade professionals
- International sales executives
- Customs brokers
- Freight forwarders
- Airlines
- Steamship lines
- International banking personnel
- Professors and students of global trade
- Chambers of Commerce
- Foreign Trade Associations
Why should you attend?
If your organization is engaged in importing and exporting, then your staff should understand Letters of Credit.
In recognition of the challenges associated with the execution of international payment terms, this webinar will provide both importers and exporters with the insight necessary to make well-informed credit decisions. Using a combination of easy-to-understand explanations and real-life scenarios, this program is ideal for credit managers, international salespeople, logisticians, and order management personnel.
If your organization is engaged in importing and exporting, then your staff should understand Letters of Credit.
Even in today’s free trade-oriented business environment, companies must exercise particular caution when agreeing on payment terms. With financing choices that include cash in advance, open terms, letters of credit (L/C), sight drafts, and time drafts, both importers and exporters need to understand the true implications of their credit policies and practices.
This webinar is a must-attend event for importers or exporters and those who need to understand the details of how to negotiate, prepare, and execute error-free letters of credit
Faculty - Mr.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 operations and compliance, international trade, global negotiations, and international contracts and transactions.
At present, he is a Senior Manager, Global Trade, and Contracts, at Worldwide Trade & Legal Consultants, where he provides legal and strategic advice to organizations seeking to enter or expand foreign markets. Mr. Cohen has been asked to teach his expertise at universities and corporate seminars on international business and law in the US, Europe, Asia, and the Middle East.