Export Letters Of Credit - Webinar By ComplianceOnline August 23, 2012

This 90-minute webinar will explain the mechanics and principles of export letters of credit, identifying pitfalls along the way, using real-life examples. You will learn why letters of credit might not get paid, understand standard and silent confirmation and learn how to get paid in hours instead of weeks.

Why Should You Attend:

Letters of credit used in export sales (commercial L/Cs) are quite different from those credit managers are accustomed to using in domestic sales (standby L/Cs). The biggest difference is that export L/Cs are intended to be drawn on and thereby serve as the means of payment for goods shipped. The “rub” is that they tend to call for more documents, many of which are prepared by third parties. Export L/Cs are designed to serve as a reliable means of credit assurance and also an efficient means of payment. Yet 75% of the time the documents are noncompliant and it can take 3 to 6 weeks to get paid on a “sight” L/C.

Official Website: http://www.complianceonline.com/ecommerce/control/trainingFocus/~product_id=702367?channel=yahooevent