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Mastering the Use of LC for Import and Export

Letters of Credit (LC) is one of the safest and most reliable commercial payment instrument and most commonly used in international trade transactions. With the ASEAN integration and expected increase in global trade, many businesses want to learn how to use this mode of payment.

Don't leave the success of your import and export transactions to chance! To help businesses effectively use LCs, the Center for Global Best Practices, in collaboration with the International Chamber of Commerce, will host a two-day training entitled, Mastering the Use of LC for Import & Export to be held, Wednesday, October 10 & 11, 2018 at the Manila Marriott Hotel, Pasay City, Philippines.

This program will guide you on everything you need to know about LC transactions and operations. Attendees will learn practical steps and valuable tips in issuing proper LCs and how they work, what to do to avoid pitfalls, and actions to take in cases of discrepancies.

The program will also cover new regulations and the application of UCP 600 involving letters of credit. Most importantly, you will learn how to handle the pitfalls and traps in the use of the various types of letters of credit (LC) in the international trade transactions.

This program is highly recommended for importers, exporters, traders, manufacturers, entrepreneurs, bankers, insurers, transporters of goods, CFOs, company treasurers, lawyers (in case of trade disputes) and those interested in fully understanding how LCs work.

We are flying in the expert! This program will feature Singapore-based expert, Victor Tan, who is an authority in the field of International Trade and is an accredited speaker of International Chamber of Commerce.

He has 15 years of banking experience in Europe covering areas of international trade finance, remittances, guarantees, and import and export. He has worked with various international banks such as Standard Chartered Bank, Amsterdam-Rotterdam Bank, Bangkok Bank, Royal Trust Merchant Bank and Barclays Bank, the last of which he served as deputy head of the trade finance department.

He conducts highly specialized training programs for clients in Jakarta, Bangkok and Singapore. He will teach attendees all the best practices applications of LCs for one’s advantage.

This program is open to the general public. Importers, exporters, bankers, insurers, lawyers, CFOs, treasurers, auditors, risk officers, will greatly benefit from this learning event.

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

Interested participants may choose to avail of the following:
a) 5% Early Payment Discount (valid until September 30)
b) 5% Group Discounts (for a group of 3 or more)

Participants who will be attending this program can also attend these International Trade Programs:

     Wednesday & Thursday, November 28 & 29, 2018

     Thursday, February 21, 2018

     Thursday, March 7, 2019

4) ICC Model International Sales Contracts
     Date to be announce

5) Best Practices in Handling Customs Tax Audits & Remedies
     Date to be announced!

You may also find of interest the following programs:

     Friday, October 5, 2018
     (CPD Accredited)
     Tuesday, October 23, 2018
      (SEC Accredited)
     
     Friday, October 26, 2018

     Friday, November 9, 2018
     (SEC Accredited)

    Friday, November 23, 2018
    (CPD Accredited)

     Thursday, November 29, 2018
     (CPD Accredited)

     Thursday and Friday, February 28, & March 1, 2019
     (CPD Accredited)

    Thursday, April 11, 2019
    (CPD Accredited)

     Friday, July 12, 2018
     (CPD Accredited)

10)  many more at www.cgbp.ph

Interested participants may contact
Center for Global Best Practices

Telephone Numbers:
Metro Manila: (+63 2) 842-7148 or 59 and
                           (+63 2) 556-8968 or 69
Baguio Line:     (+63 74) 423-2914
Cebu City:        (+63 32) 512-3106 or 07
Legaspi City:    (+63 52) 736-0148

CGBP also accepts in-house training and consulting for individuals, families, and corporate clients. We invite you to check our website for a complete list of Best Practices programs.

#BestPractices #UpcomingSeminars2018 #Incoterms2010 #TradeIndustry #Shipping #Shipment #PhilippineTrade #MasteringImportandExport #PhilippineTraining #ShippingTerms #FreightForwardersPh #ShipmentandLogisticsPh #PhilippineConferences #InternationalTrade #InternationalTradeTerms #UCP600 #ISBP13 #LettersofCredit #PhilippineTrade #ImportandExport #GoingInternational #GlobalShipment #TradeYourWay #TradeTerms #MasteringtheUseofLCforImportandExport
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