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Webinar: Letters of Credit

 

June 27, 2018
8:00AM EDT | 1:00PM GMT
Cost: $40.00

Would you like to sharpen your basic understanding of Letters of Credit?

Trade Technologies and the International Cotton Association (ICA) are co-hosting this enlightening webinar. Hans Noordzij, will present an informative webinar about LC basics and how they can be used to accelerate cash flow and streamline trade.

The benefit to using a letter of credit is that it provides a conditional guarantee of payment from banks to the exporter (beneficiary) if the terms and conditions of the documentary credit are complied with. Attendees will learn about credit risk, the nuts and bolts of the LC process, and how to avoid discrepancies. Let us show you some of the basic issues that either makes LCs an effective payment mechanism or a major headache and how you can avoid the latter.

Topics that will be addressed during the webinar:

  • Letter of Credit (LC) Process

  • The Role of Contracts

  • Terminology in Letters of Credit

  • Types of Discrepancies - Why they occur and How to Avoid them

  • Documents in an LC

  • Incoterms 2020

  • Overview of UCP600

  • Importance of Proper LC Structure


Please complete the form below to secure your reservation. *Please Note: Registration is complimentary to ICA Members - once membership is verified. 

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