Documentary Transactions of Export Letters of Credit Detailed Event Information For Documentary Transactions of Export Letters of Credit
Documentary Transactions of Export Letters of Credit --
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Location/Date: Washington, DC, United States 10/16/2014 - 10/16/2014
Event Summary:
This webinar will help exporters and importers comprehensively understand the three international trade finance methods of payment and their variations. Charlie will review the pros and cons of each method and what documents are used to affect each type.

Companies that export and import products can use Documentary Letters of Credit, Stand-by Letters of Credit, Documentary Collections or Open Accounts to purchase and sell goods globally. Understanding the proper application and documents involved will assist in the reliable payment for goods sold. Understanding the proper application of each type of payment will provide the most competitive possible terms of sale.

Topics that will be addressed during the webinar:

• What are the documents involved to effect payment of each method

• Review the differences between standby letters of credit and commercial letters of credit

• Competing rules governing standby LCs: Which to use

• Tips for using standby LC's better

• Things that go wrong and how to avoid them

• Compare the cost and risks of the various letter of credit options

• Open a letter of credit and get paid under its terms

• Limit discrepancies under a letter of credit and resolve any disputes that may occur

• Select the most appropriate method of payment for the importer and exporter

• Analyze and choose alternative methods of financing international transactions


Contacts:
Linda Abbruzzese, ODI
International Trade Specialist
Phone: 202-482-3787
Linda.Abbruzzese@trade.gov

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