Learn to use letters of credit in business

The Center for Global Best Practices, in collaboration with the International Chamber of Commerce, will hold a pioneering two-day seminar titled, “Best Practices In Letters of Credit (LC)” to be held on March 30 and April 1, 2016, at the EDSA Shangri-La Hotel, Mandaluyong City. While it is one of the safest and very reliable commercial payment instrument and most commonly used in international transactions, businesses should never leave the success of one’s import and export transactions to chance. With the increase in global trade, many more businesses want to learn how to use this payment instrument.

This two-day seminar will provide a comprehensive guide on everything needed to know about LC transactions and operations. Attendees will learn practical steps and valuable tips in issuing proper LCs and how they work, what to do to avoid pitfalls, and actions to take in cases of discrepancies. The program will also cover new regulations (and the application of UCP 600) involving letters of credit.

The seminar is applicable to manufacturers, importers, exporters, traders, entrepreneurs, bankers, insurers, transporters of goods, CFOs, company treasurers, lawyers (in case of trade disputes) and those interested in fully understanding how LCs work.

CGBP will fly in Singapore-based expert, Victor Tan, who is an authority in the field of trade. He has 15 years of banking experience in Europe covering areas of international trade finance, remittances, guarantees, and import and export. He has worked with various international banks such as Standard Chartered Bank, Amsterdam-Rotterdam Bank, Bangkok Bank, Royal Trust Merchant Bank and Barclays Bank, the last of which he served as deputy head of the trade finance department.

This one-time event offers early bird discount savings for those who will register early, and group discounts for attendees of 3 or more. There are limited seats only and pre-registration is required.

For details and a complete list of seminars including How to Use INCOTERMS in Business, Understanding Contract Law for Non-Lawyers, Best Practices on How To Detect Business Fraud and more, log on to www.cgbp.org or call (02) 842-7148 or 59.