Letters of Credit are the primary instruments for assuring payment of goods sold internationally. This web session is designed to provide attendees with an end-to-end understanding of the L/C (letter of credit) process. From the beginning of a contractual agreement, through the letter of credit application process and actual negotiation of the L/C, this information-rich webinar will provide techniques that are indispensable to both importers and exporters.
Why should you attend your staff should understand Letters of Credit. Even in today’s free trade-oriented business environment, companies must exercise particular caution when agreeing on payment terms. With financing choices that include cash in advance, open terms, letters of credit (L/C), sight drafts and time drafts, both importers and exporters need to understand the true implications of their credit policies and practices. By login with this Letters of Credit for Importers you may know.
These Things of the areas will be covered by the speaker Douglas Cohen
- Gain a Comprehensive Understanding of the Letter of Credit Process
- Learn how to Negotiate the Terms of both Import and Export L/Cs
- Be 100% aware of Letter of Credit Documentation requirements
- Be Aware of all Expenses Associated with Using Letters of Credit
- Learn how to Avoid Amendments and Discrepancies
Understand the role of banks and freight forwarders in the L/C process.
- Documentary Credits Defined
- Letters of Credit for Exporters
- Sight Drafts and Time Drafts
- Documentation Requirements
- Letters of Credit for Importers
- The Letter of Credit Process
- Amendments and Discrepancies
Those who are the experts benefited by this
- Logistics and Trade Professionals
- International Sales Executives
- Customs Brokers
- Freight Forwarders
- Steamship Lines
- International Banking Personnel
- Professors and Students of Global Trade
Douglas Cohen has been at the forefront of international trade and transactions. With positions in private law practice, US Department of Commerce, the European Union, IATA, and American Airlines, he has developed significant expertise in import-export operations and compliance, global transactions, international negotiations, intellectual property, and cross-cultural business communication. At present, Mr. Cohen is Senior Manager, Global Trade and Contracts at Worldwide Trade and Legal Associates (WWTL), where he provides legal and strategic advice to organizations seeking to enter or expand foreign markets.
In addition, he is the director of WWTL’s Global Trade Compliance Training division, where he offers comprehensive import-export training to private companies, universities, and pubic organizations.
Mr Cohen has been asked to teach university courses and corporate seminars on international business and law in the US, Europe, Asia, and the Middle East. He is the author of numerous publications on Internet law, international contract negotiations, intellectual property protection, and import-export operations and compliance.