The Philippine Star

Learn to use LC in import, export

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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 provide you 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 Thursday and Friday, May 24 and 25, at the Manila Marriott Hotel, Pasay City. 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 many more, you may visit

From B11 our website at www.cgbp.org, or call Manila (+63 2) 5568968/ 69, Cebu (+63 32) 5123106 to 07 and Legazpi (+63 52) 7360148.

Master the nine different types of LC and use it for your businesses advantage. Get practical tips on how to prepare and check LC documents to avoid discrepanc­ies, the pitfalls and the traps in using such mode of payment.

Find out the secrets on how you can save on LC transac- tions – 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.

Interested participan­ts are encouraged to avail of the early registrati­on savings and group discounts.

This is a limited-seats only event and pre-registrati­on is required.

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