Letters of Credit for Importers-Exporters
Product ID : DOCO-0007
Level : Beginner
Duration : 60 Minutes
For more than 20 years, Douglas Cohen has been at the forefront of international trade and transactions. With positions in private law practice, the US Department of Commerce, the European Union, IATA, and American Airlines, Mr. Cohen has developed significant expertise in import-export compliance, international negotiations, intellectual property, and Internet laws. At present, he is Senior Manager for Global Trade & Contracts at Worldwide Trade & Legal Associates, where he provides legal and strategic advice to organizations seeking to enter or expand foreign markets.
Mr. Cohen has been asked to teach university courses and corporate seminars on international business and law in the US, Europe, Asia, and the Middle East. He is the author of numerous publications on Internet law, international contract negotiations, intellectual property protection, and import-export operations and compliance.
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.
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
- 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
Course Level - Basic/Fundamental
Who Should Attend
- Exporter Staff
- Importer Staff
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.
This webinar is a must-attend event for importer or exporter and those who need to understand the details of how to negotiate, prepare, and execute error-free letters of credit.