Export Letters of Credit Series (DR)

Export Letters of Credit Series (DR)
Digital Replay: Collectively, this four-part webinar series provides a comprehensive view on export letters of credit and the best practices that support using them. Join veteran international banker, Chip Thomas, who will provide practical tools, techniques and insight that credit professionals can immediately apply when using letters of credit. Sign up for all four and save 10% on the registration fee.
When
1/17/2019
Where
USA

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Topics that will be addressed during this webinar:  ~Review the role of Letters of Credit oSecurity, payment, financing ~Major problems with Letters of Credit ~Why these problems occur and what actions to take ~The 5-step Letter of Credit "process" explained oLogistics oDocumentation oCorrespondent banking oPayment structure oLC structure ~Why exporters must negotiate LC terms and conditions with buyers ~Dangers of not embracing the LC process and negotiating from strength
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Topics that will be addressed during this webinar:  ~Their role in export logistics ~Why INCOTERMS are important oEstablish "control" over product shipments ~Defining the 11 INCOTERMS oHistory oMisconceptions oEstablish clear understanding of each term oTheir impact on the financial side of export transactions ~Which INCOTERMS are best for exporters? oControl, security, payment -Which INCOTERMS are best for Importers? -Which INCOTERMS are best to use in Letters of Credit?
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Topics that will be addressed during the webinar: ~Why documentation is necessary oThey are required for payment! ~What documentation should be required? oOnly documents legally required by customs in buyer's country ~Documentation rule: Keep it simple, i.e., minimal documents please! ~What is a discrepancy? ~Why do banks always seem to find them? ~The common causes of discrepancies. ~How to avoid discrepancies ~What to do when discrepancies occur ~Why you should control the number of documents ~How to control what documents are permissible ~Never consign Bills of Lading / shipping documents to the buyer ~Why you should never send documents "on approval"
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Topics that will be addressed during this webinar: ~How many banks should be involved in a transaction? ~Are all banks the same? ~Does it matter what bank you use? ~What are the banks most concerned about? ~What are the responsibilities of banks in a Letter of Credit? ~Why do banks charge Letter of Credit fees? "Are bank fees excessive? ~Can you negotiate fees with banks? ~Will banks help you with your Letters of Credit? ~Banks aren't your enemy-understand why! ~Learn to talk to a bank to get what you want! ~Understand how to set up the banks for efficient payment
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