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Letters of Credit for Importers and Exporters (TRD272D)

Presented by: Douglas Cohen
(*) Single User Price. For multiple users please call 1-800-223-8720
Pre Recorded Webinar
60 minutes
  •  Wed, February 22, 2017
Event Description
See the sneak peek before you buy!

How to Prepare, Negotiate and Execute Error-Free Letters of Credit

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.

Session Highlights

  • 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

Who should attend?

  • 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
About Our Speaker(s)

Douglas Cohen | International Trade Compliance SpeakerDouglas 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, European Union, IATA, and American Airlines, he has developed substantial expertise in international trade compliance, import-export, for... More info

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    Event Title: Letters of Credit for Importers and Exporters
    Presenter(s): Douglas Cohen

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