Professional Programmes

Workshop on Letter of Credits - Total Understanding

Workshop Objectives

To provide a total understanding on the banking instruments used in trade. The theory and practice on establishing, discounting and collection. There are legal implications and remedies available which would be highlighted in the workshop.

Workshop Design

For individuals who work in trading companies, individuals who phpire to understand the banking facilities made available for other purposes of trade.

Contents

How do I get my money?
Practical case studies and cost/time saving tips in opening letter of credit
What the Banks can do and cannot do
International Commercial Terms 1990
International Commercial Terms 2000
Checking a letter of credit when received
Trade Documentation and their Impact
Introduction to letters of credit
Opening a letter of credit
Dealing with discrepancies
Negotiating the letter of credit
Cost saving measures
Why letter of credit payments are rejected - case studies
Delays in payments
Understanding UCP 500
Doctrine of strict compliance
Why banks are so fussy
Guarantee and performance bonds
UCP 600 - the new millenium doctrine

Certificate of Participation

The Certificate of Participation will be given to all attending the workshop.

Course Duration : 1 day ( Sun) 0900 - 1200, 1400 -1600 hrs
Course Fee : $ 250.00
Registration : $ 25.00

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