In the light of the "Recent Financial Crisis", some exporters and importers deliberately include discrepancies in their Letters of Credit (LC) documentation to renegotiate the terms and prices of the trade transactions, to the disadvantage of the other party. To save importers and exporters from falling into pitfalls, tricks, and traps in LC operations, The Center for Global Best Practices is conducting a seminar called “Best Practices in Letters of Credit” on May 5 & 6, 2011 at the New World Hotel in Makati City, Philippines. This seminar will teach participants the practical steps in issuing proper LCs and how they work, what to do to avoid pitfalls, and actions to take in cases of discrepancies. It will also cover new regulations (and the application of UCP 600) involving Letters of Credit. This special program will also present easy-to-understand case studies and samples to highlight best practices pointers and tips, including topics such as cost saving areas
Seminar News and Events in Accounting, Business, Law, Marketing, Human Resource, Administration, and Trade by the Center for Global Best Practices Foundation