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CGBP to Conduct Seminar in Letters of Credit with Victor Tan

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 in LC operations that your banker will never tell you, overcoming delays in payment in LC transactions, liabilities of banks, remedies and many more!

Featured in this seminar is Victor Tan, MBA (Strathclyde), ACIB MInstAM, an authority in the field of trading and banking. He has 15 years of banking experience covering the areas of international trade finance, remittances, guarantees and 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, where he was Deputy Head, Trade Finance.

Since 1992 he has been conducting highly specialized training in Jakarta, Bangkok and Singapore. He also holds a Master of Business Administration degree from University of Strathclyde, UK and is a qualified Life Associate Member of the Chartered Institute of Bankers, London. He will teach everything one has to know on how to use various types of Letters of Credit for one’s business advantage.

This is a limited-seats-only event. Register now before we run out of seats! You will get early bird and group discounts if you register early. Call Mabel Manipol at our Manila lines: (02) 556-8968/69 or at our Cebu lines: (032) 512-3106/07. You can also send an email at mabel@cgbp.org. Visit our website at http://www.cgbp.org for more details.
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