Effective Uses of Letter of Credit Practices (POSTPONED)

This workshop is designed to give participants an overview and an in-depth understanding and knowledge of the operations of the Letter of Credit and international trade financing. This workshop aims to provide both practical and theoretical aspects of the latest and the most effective ways of handling Letter of Credit, its applications, and its fraud prevention

Programme Outline

The Law and Practices of International Trade (Incoterms 2010)

* Incoterms 2010

* Meaning of EXW, FCA, FOB, CFR, and CIF

* How to use the terms to your advantage

* Responsibilities of buyer and seller

* Meaning of title and transfer of risk

* How to do quotation and prevent losses

The Fundamental of International Trade Financing

* Finance for exporter & importer

* Factors for financing

* Export Credit Insurance

* International Export factoring

* Trust Receipt and Discounting Bill

* Types of payments

The Elements of Letter of Credit

* Operation of Letter of Credit

* Rules concerning the application of L/C

* How to do effective L/C negotiation

* Methods of overcoming discrepancies

* Effective methods of checking L/C

* How to do financing in Back-to-back L/C

* Understanding UCP 600

Understanding International Fraud and Prevention

* Understanding of LC fraud

* Characteristics of LC fraud

* Methods of LC fraud

* Malpractices and weakness in shipping practices

* How to prevent fraud

Target Audience

Shipping personnel, sales & marketing staff, freight forwarder, banker, trader, importer/exporter, businessman, and those keen in upgrading their knowledge in international trade.


William Goh (PhD, MSc, BBus[Tpt], Dip in Shpg Mgt, MCILT, MISM, ND), has more than 30 years of experiences in the area of import/export, law of international trade, shipping, logistics, distribution, warehousing, inventory control, containerization, port operations, cargo insurance & claims, air & sea freight forwarding, ship chartering, trade documentation, international trade banking & financing, and supply chain management.

Dr. Goh has done import/export and international trade business with over 80 countries all over the world. He is a regular speaker at conferences, conventions, and symposiums both locally and abroad on topics relating to international trade, shipping and logistics.

He has provided training to institutions such as Singapore Confederation of Industries, Singapore Polytechnic, People’s Association, Resident Committees (RC), Associations, Confederations, Universities, Impact Seminars, Government Organisations, and many others.

*Programme is accurate at the time of print

Day/Date: 17 & 18 June 2019, Mon & Tue

Time: 9:00am - 5:00pm

Fee per pax (incl. GST): S$600.00 (Member )  |  S$680.00 (Non-Member)

Venue : 160 Robinson Road, SBF Center, #06-01, Singapore 068914

For more information, please contact:

Email: josephine.ong@sbf.org.sg (ATTN: Ms. Josephine Ong)

Call: 6701 1135

Administrative Details:

Please email to josephine.ong@sbf.org.sg to reserve a seat, this will be followed by a confirmation email.

Upon confirmation, please prepare a cheque to SBF (refer to address on above letterhead).

Cheque should be made payable to “Singapore Business Federation”. Please indicate the Ref No. and company’s name, participant’s name at the back of the cheque.

Registration is on a first-come-first-served basis. No cancellation will be allowed upon registration, but attendance by a replacement delegate from your company is allowed. We regret that no refund and full fees will be charged for cancellation or non-attendance.

Confirmation of your registration will be emailed to your company upon receipt of full payment.

NOTE:  As a precautionary measure, our advice is for members who are unwell not to attend the session.


All information, materials and related graphics contained herein and/or provided in the course of the training session(s) (hereinafter referred to as “Information and Materials”) are intended for informational and/or educational purposes only. The Singapore Business Federation does not claim ownership of any of the Information and Materials provided by the external training vendor(s). The information and Materials may from time to time include technical inaccuracies or typographical errors, and changes may be added periodically as may be necessary. Please note that photography, audio and video recording may occur during these event. All photography, audio and video recording may be used by Singapore Business Federation for education, marketing, promotional and/or publication purposes. If you do not wish to have your image recorded or published, for  compelling and legitimate grounds relating to your particular situation, please inform our staff.

6/17/2019 9:00 AM - 6/18/2019 5:00 PM

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