*Overview of Methods of Payment and Trade Facilities in international Trade
*Trade Documents commonly used in International Trade - Bills of Exchange, Bills of Lading, Invoices, packing List, Insurance, Cert of origin etc
*Trade terms commonly used in International Trade - FOB, CFR, CIF, FCA, CIP,CPT, EXW, FAS, DDP, DDU, DAF, DES, DEQ
*Step by Step detailed flowcharts and Samples on how various types of Letter of Credit works
*Cost Saving Areas in LC transactions which your bankers will never tell you
*Why payments are often delayed in LC transactions and how to overcome this
*Date of Issue, Shipment, Presentation; Date and Place of Expiry
*Role and Liability of Banks and Rights of Recourse
*Practical pointers when applying for a Letter of Credit (Importer)
*How to prepare and check documents to avoid discrepancies
*Discussion on Discrepancies - Why; How To Resolve
*Practical pointers for Exporters when presenting documents under a Letter of Credit
*Common LC Discrepancies checklist
*Detailed checklists for Exporters and Importers
*Concept of Confirmed LC and "Silent Confirmation LC"
*Advantage & Risks of using "LC - TT/SWIFT Reimbursement Allowed" to both exporter & Importers
*Application of UCP 600 in Letter of Credit.
*Back to Back LC and Transferable LC
*Practical exercises/case studies
Victor Tan, MBA (Strathclyde), ACIB, MInstAM, is a qualified Life Associate Member of The Chartered Institute of Bankers, London and has 15 years of banking experience covering the operational areas of International Trade Finance, Letters of Credit, Remittances, Guarantees, Import and Export departments. He has worked with various International Banks since 1977 starting with Standard Chartered Bank, Amsterdam-Rotterdam Bank, Bangkok Bank, Royal Trust Merchant Bank and lastly Barclays Bank.
*Programme is accurate at the time of print
Day/Date: 13 & 14 June 2019, Thur & Fri
Time: 9:00am - 5:00pm
Venue : 160 Robinson Road, SBF Center, #06-01, Singapore 068914
Fee per pax :
SBF Member - S$640.00
Non Member - S$1050.00
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