Course Outline:

    Common pitfalls in LC operations

    Misconception of the role of sales/marketing team

    Instalment shipment vs partial shipment

    Presentation period

    Forged LCs

    Consignee trap on airway bill

    10% retention sum

    Buyer receives all the documents under the LC, but goods may differ

    Claused bills of lading

    LC expired

    Absence of documents called for in the LC

    Insurance cover effective date

    Combined transport document pitfalls

    Bills of lading confusion pitfalls

    Specific ports of lading and discharge

    Transport document signing capacity pitfalls

    House airway bill pitfalls

    Qualified LCs

    Special conditions in LCs

    Groundnuts vs peanuts

    Soft clauses in LCs

    FOB pitfalls

    Incoterms pitfalls

    Incompatible terms in LCs

    Issuing bank wishes to protect itself

    Terms and conditions dominated by a powerful seller

    Inspection certificate trap

    LC charges pitfalls

    Expiry date and place of presentation trap

Target Audience:

If you are in management, international sales, purchasing, accounts/finance, shipping, distribution, inventory control, credit control, risk management or in some other way involved in your organisation’s exporting and importing functions., you will really learn and benefit from the seminar.

Trainer’s Information

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: 20 June 2019, Thur

Time: 9:00am - 5:00pm

Fee per pax (incl. GST): S$420.00 (Member )  |  S$520.00 (Non-Member)

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

For more information, please contact:

Email: [email protected] (ATTN: Ms. Josephine Ong)

Call: 6701 1135

Please email to [email protected] 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.

DISCLAIMER

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.