Loading Events

International Letters of Credit Training seminar

When

June 10 @ 8:00 am - 5:00 pm

Where

Northern Ohio

13501 West Ave
Cleveland, OH 44111

Global Training Center

June 10, 2019
Cost: $595.00 ($50 discount if paid 30 days in advance)

For more information and to register go here: International Letters of Credit – Cleveland

I. INTRODUCTION/THE PAYMENT DECISION
Decision Making and Payment Methods
Risk to International Trade Payment
Traditional Payment Methods

II. LETTERS OF CREDIT AS METHOD OF PAYMENT
Parties to the Letter of Credit
Payments under Letters of Credit
Costs and Benefits
Types of Letters of Credit

III. LETTERS OF CREDIT PROCEDURE
Quotation
Instructions for the Letters of Credit
Checklist for Letters of Credit
Document Preparation and Presentation
Discrepancies

IV. TYPES OF LETTERS OF CREDIT
Revocable or Irrevocable
Confirmed and Unconfirmed
Restricted Letter of Credit

V. SPECIAL TYPES OF LETTERS OF CREDIT
Variations You Will See
Revolving – Standby – Transferable
Red Clause, Green Clause
Time Drafts and Bankers Acceptances

VI. UNIFORM CUSTOMS AND PRACTICE 600 & COMMENTARY AND ISBP
International Standard Banking Practices (ISBP)
Commentary on the UCC of the United States
NOTE: Discussion on UCP 600
VII. EXPORT TRANSACTION REVIEW
Amendment to the Letter of Credit
Checklists
Documents Checklists (Commercial Invoice, Bill of Lading, Packing List, Insurance, etc.)
Letter of Transmittal to Bank

VIII. IMPORT LETTERS OF CREDIT
Parties Agree to Letter Of Credit as Payment Method
Buyer Applies for Letter of Credit
Seller Receives and Accepts the Credit
Nominated Bank Review Documents
Issuing Bank Exchanges Documents for Payment
Importer Picks up Goods

IX. CASE STUDY ON AN EXPORT LETTER OF CREDIT

X. NON-TRADITIONAL PAYMENT METHODS

XI. RESOURCE SECTION