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Dept. of Commerce/Trade Technologies:Setting Up a Successful Letter of Credit Detailed Event Information For Dept. of Commerce/Trade Technologies:Setting Up a Successful Letter of Credit
Dept. of Commerce/Trade Technologies:Setting Up a Successful Letter of Credit --
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Location/Date: Washington, DC, United States 10/17/2017 - 10/17/2017
Event Summary:
6. Setting up a Successful Letter of Credit

“What every exporter needs to know”

• Know what you want.

• Know the right questions to ask.

• Negotiate the key terms and conditions up front.

• You should control the LC structure.

• Understand “Payment Terms” – timing of when you get paid.

• Take control of the Paying/Negotiating/Confirmation functions.

• Understand the Role of “Drafts” and why you want them.

• Control the Issue, Expiry, Shipment and Presentation Dates.

• Only use selective INCOTERMS

• Keep it Simple!

• Samples of well-structured Letters of Credit

• Q&A – Ask your questions!


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

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