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LC Series- Understanding the Letter of Credit Process (DR)
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. Topics that will be addressed during this webinar: Review the role of Letters of Credit Security, 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 Logistics Documentation Correspondent banking Payment structure LC 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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