Letters of Credit Webinar
Full-Day Session — 8:30 a.m. to 4:00 p.m. Central Time
Certificate Issued Upon Completion.
It's all about getting paid. What's the point of entering into a sales agreement—domestic or international—if the buyer doesn't pay the seller and either party walks away unhappy? This webinar teaches you how to make a sale that guarantees the seller gets paid and the buyer gets the help he or she needs to finance the deal.
Learn to fully comply with Letters of Credit requirements. Get involved in the set-up process, learn the basic terminology and significance of various documents, and learn how to prevent and handle discrepancies. Learn how to insure that you receive payment for your shipments, how to get paid faster, and how to lower bank fees.
If you take this webinar, you will learn how to:
- Select the most appropriate method of payment for the importer and exporter.
- Compare the cost and risks of the various letter of credit options.
- Open a letter of credit and get paid under its terms.
- Limit discrepancies under a letter of credit and resolve any disputes that may occur.
- Analyze and choose alternative methods of financing international transactions.
The webinar is exactly the same as the seminar except that you watch on your computer rather than sitting in the same room as the instructor. There is still ample time to ask questions. Small class sizes and a knowledgeable teacher allow for a great interaction between attendees and the instructor. Prior to the webinar you'll receive the Letters of Credit in International Trade: A User's Guide reference book filled with sample letters of credit, the UCP 600, and other important reference materials that will make your job easier.
Webinar refund policy. IBT will issue a complete refund if you cancel 30 or more days before the webinar date. No refunds are given for cancellations received within 30 days of the webinar. Cancellations received less than 30 days before the webinar are subject to a $125 transfer fee. Once the fee is paid, you may transfer to another class date within one full year. In fairness to all attendees, confirmed attendees who do not attend their scheduled webinar are liable for the entire fee. You may send a substitute if you are not able to attend at the last minute at no charge.
WHEN CHECKING OUT, PLEASE PROVIDE THE FOLLOWING INFORMATION ABOUT THE WEBINAR ATTENDEE IN THE "NOTE TO SELLER" BOX:
- Name
- Phone Number
- Email Address
- Company Name & Address
A WEBCAM IS REQUIRED FOR WEBINAR PARTICIPATION.
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WEBINAR AGENDA
I. INTRODUCTION/DECISION CRITERIA
II. LETTERS OF CREDIT AS METHOD OF PAYMENT
III. REVIEW OF L/C PROCEDURE AS EXPORTER AND AS IMPORTER
V. SPECIAL TYPES OF LETTERS OF CREDIT
VI. UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS - RULES OF THE ARTICLES ON EACH ARTICLE
VII. TRANSACTION REVIEW - EXPORT
VIII. TRANSACTION REVIEW - IMPORT
IX. CASE STUDY ON AN EXPORT LETTER OF CREDIT X. NON-TRADITIONAL PAYMENT METHODS |