How to Use Letter of Credit with Confidence

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About Course

The recent financial crisis is having an effect on international trade and the Letter of Credit (LC) as a secured payment instrument.  To be successful in the trade arena and maintain the ability to perform trade business in these turbulent times, the LC is at its most value where the seller’s risk is moved from the buyer to a reputable bank. However, a seller may still face the risk of non-payment or delay in payment under the LC when there are discrepancies in the documents and the buyer has taken delivery of the goods.

As a seller, are you aware that most discrepancies and quality disputes are the result of improper handling procedures and documentation?

This 2-day programme provides you an insight into the proper procedures of negotiating for LC terms and more professional handling of LC documentation to reduce discrepancies in your next shipment and to increase your chance of receiving prompt payment.

 

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— Course Fee: RM 790.00 (Inclusive of 8% Service Tax) —

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What Will You Learn?

  • Understand key concepts of Letter of Credit
  • Learn the proper handling procedures from sending offers to receipt of payment.
  • Learn from others' costly documentation mistakes without paying a high price for it.
  • Benefit from proper procedures and more professional documentation to reduce discrepancies and to increase the chance of receiving payment promptly.
  • Implement internal control and procedures to minimize documentation risk.

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