Center for Global Best Practices to hold program on Letters of Credit

WITH the growing free- trade agreements of the Philippines with other countries, tariff barriers have been lowered if not removed totally. This development has encouraged more businesses to import and export goods to and from different countries. For trade transactions, buyers and sellers prefer Letters of Credit (LC), a payment mode which is secure, safe, and acceptable to both parties.

To g i ve comprehensive knowledge on the use of LC, the Center for Global Best Practices will hold a two- day program entitled: “Mastering the Use of LC for Import and Export” on May 24 to 25, 2018 at the Manila Marriott Hotel, Pasay City, to help enthusiasts master the nine different types of LC and use it for their businesses advantage. The program also practical tips on how to prepare and check LC documents to avoid discrepancies, pitfalls, and traps in using such mode of payment.

Find out the secrets on how you can save on LC transactions, in which bankers will never tell you. Learn from actual cases and samples to your favor.

This special program will fly- in Singapore- based expert, Victor Tan. He is an accredited lecturer of the International Chamber of Commerce and one of the most sought- after lecturer and authority in the field of international trade. With over 15 years of banking experience in Europe, he has worked with various international banks such as Standard Chartered Bank, Amsterdam- Rotterdam Bank, Bangkok Bank, Royal Trust Merchant Bank and Barclays Bank ( last of which he had served as Deputy Head of the trade and finance department). He conducts highly specialized training programs for different clients in Jakarta, Bangkok and Singapore.

For a complete list of Best Practices programs, such as Incoterms, Revised ISBP on LC Transactions, Best Practices Guide on how to import goods to the Philippines and others, log on to