This seminar will examine LC process in detail and offer guidance on how to create a workable credit which avoids amendments and discrepancies. It will consider the different interests of the exporter, importer and the banks and methods of reducing the risks for all parties.
WHAT WILL YOU LEARN?
Terminology, structure, dynamics & content of a letter of credit
Confirmation of credits
How to collate and create documents
The rules for letters of credit (UCP600)
The rules of drafts
The options for negotiation of a letter of credit