Center for Global Best Practices

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 cove...

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 ho...

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 sav...