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Intensive Letters of Credit

Benefits of Attending

 Get a Comprehensive Look at Terms of Payment!!

International sales transactions present many elements not found in domestic sales.  In the second half of this seminar, we’ll take you through the advantages, risks, and motivations of buyers and sellers in negotiating and agreeing upon a particular payment term.

 Plus, we’ll offer:

A review of the Letter of Credit and Documentary Collections process to alert you to common pitfalls and help determine if Letters of Credit are a guaranteed form of payments in every situation

Regardless of experience level, personnel involved in the following activities: 

• International Sales & Marketing
• Purchasing
• International Customer Service
• Transportation & Logistics
• Finance & Accounting Staff
• Risk & Finance Management
• Contract Administration

About the Instructor

 Carl R. Meyer is a retired International Banker with over 45 years of International Banking experience.  He has been affiliated with several major international banks including Citibank, Bankers Trust Co. (now Deutsche Bank), Marine Midland Bank (now HSBC Bank), and Chemical Bank (now J.P. Morgan Chase), as well as other prestigious banks.  His expertise is in Trade Advisory Services, where he has assisted clients of the bank in resolving problems that they have encountered in International Trade.

He has conducted seminars on the subject for over 30 years at various organizations, both public workshops and private onsite presentations.  He is a former member of the Letter of Credit Committee of IFSA (International Financial Services Association) the successor to the Committee on International Banking.

DAY1

The 1-day Agenda for the Intensive Letters of Credit Training Workshop includes:

8:00am – 8:30am

 Registration and Continental Breakfast

 8:30am – 4:30pm

•  Risks in International Trade
•  Documents Controlling Risk  
• Methods of Payment mitigating Risk 
• Functions of a Letter of Credit  
• Types of Letters of Credit 
• Bank Liability 
• Contracts in a Letter of Credit process 
• Issuance 
• Amendments 
• Confirmation 
• Value in a Letter of Credit 
• Documents 
• Complying Presentation 
• Variations in Letter of Credit
  

Great References

Letters of Credit for Exporters and Importers A complete overview of the Letter of Credit product. Including detailed explanations of the processes used in a transaction.  It points out transactional risks and suggests ways to mitigate them. The book is a concise discussion of  a subject that, at times, can seem mysterious, but once logically explained, can be quite simple to manage.