TRADE & LOGISTICS COMPLIANCE 2011 - Introduction to Letters of Credit

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Category Letters; Credit;transactions;Uniform Customs and Practices (UCP 600);International Chamber of Commerce;documentary credit;trade;compliance

Deadline: November 29, 2011 | Date: November 29, 2011

Venue/Country: Palo Alto, U.S.A

Updated: 2011-11-16 19:04:38 (GMT+9)

Call For Papers - CFP

A letter of credit is one method of payment used in international trade transactions. The Uniform Customs and Practices (UCP 600) are the current internationally recognized set of rules created by the International Chamber of Commerce (ICC) which govern the use of letters of credit.

Areas Covered in the Seminar:

- Letter of Credit (L/C) process.

- Terminology in L/C.

- L/C instructions and preparation.

- Review of a L/C.

- Checklist for a L/C.

- Costs for importer and exporter.

- Types of discrepancies.

- Documents in a L/C.

- Overview of UCP 600.

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