Master the Use of LC for Import and Export

With the growing free-trade agreements of the Philippines with other countries, tariff barriers have been lowered if not removed totally. This development has encouraged more businesses to import and export goods to and from different countries. For trade transactions, buyers and sellers prefer Letters of Credit (LC) – a payment mode which is safe, secure and the most acceptable legal tender of payment especially for parties who dont know each other and requires the safest way to get paid as a seller and for the buyer to get receive the goods according to one's expected quality and specifications.

To help you fully understand the use of LC, the Center for Global Best Practices will hold a two-day training entitled, “Mastering the Use of LC for Import and Export” on Thursday and Friday, May 24 & 25, 2018 at the Manila Marriott Hotel, Pasay City, Philippines.

Master the nine (9) different types of LC and use it for your businesses advantage. Get practical tips on how to prepare and check LC documents to avoid discrepancies, the pitfalls and the traps in using such mode of payment. Find out the secrets on how you can save on LC transactions – which bankers will never tell you. Learn from actual cases and samples to your favor.

This special program will fly-in Singapore-based expert, Victor Tan. He is an accredited lecturer of the International Chamber of Commerce and one of the most sought-after lecturer and authority in the field of international trade. With over 15 years of banking experience in Europe, he has worked with various international banks such as Standard Chartered Bank, Amsterdam-Rotterdam Bank, Bangkok Bank, Royal Trust Merchant Bank and Barclays Bank (last of which he had served as Deputy Head of the trade and finance department). He conducts highly specialized training programs for different clients in Jakarta, Bangkok and Singapore.

This program is tailored best to entrepreneurs, importers and exporters, traders, CFOs, auditors, bankers and anyone who would like to venture in import and export of goods. Interested participants are encouraged to avail of the early registration savings and group discounts. This is a limited-seats only event and pre-registration is required.

You may also find of interest other Best Practices Programs:

1) Best Practices Guide on How to Import Goods Into The Philippines
     Thursday, August 9, 2018

2) INCOTERMS 2010: International Commercial Terms in shipping transportation
     of goods via Land, Air, and Sea
     Friday, September 14, 2018

3) Revised ISBP on LC Transactions
     Thursday & Friday, November 28 & 29, 2018

4) Model Templates in International Sales Contracts
     (To be announced. Please check website)

The Center for Global Best Practices also accepts in-house training and consulting for individuals, families, and corporate clients. For complete details and list of other best practices seminars, you may check www.cgbp.org or call Manila lines at (+63 2) 842-7148 or 59; (+63 2) 556-8968 to 69; and Cebu lines at (+63 32) 512-3106 to 07.

Note: Public officials and government employees attending these training programs are exempted from the P2,000 limit set by COA based on the Department of Budget and Management circular 563 issued on April 22, 2016.

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