Understanding Pitfalls in LC Transactions - 11th Run
Financing international trade is a risky business. The terms and conditions of Letters of Credit (LCs) have to be fully complied, otherwise it might lead to rejection and non-payment. This workshop is designed to help participants interpret the risks and show them how to protect themselves. The workshop is case-based, interactive and highly practical.
Key Topics
- Common pitfalls in LC operations
- Misconception of the role of sales/marketing team
- Instalment shipment vs partial shipment
- Presentation period
- Forged LCs
- Consignee trap on airway bill
- 10% retention sum
- Buyer receives all the documents under the LC, but goods may differ
- Claused bills of lading
- LC expired
- Absence of documents called for in the LC
- Insurance cover effective date
- Combined transport document pitfalls
- Bills of lading confusion pitfalls
- Specific ports of lading and discharge
- Transport document signing capacity pitfalls
- House airway bill pitfalls
- Qualified LCs
- Special conditions in LCs
- Groundnuts vs peanuts
- Soft clauses in LCs
- FOB pitfalls
- Incoterms pitfalls
- Incompatible terms in LCs
- Issuing bank wishes to protect itself
- Terms and conditions dominated by a powerful seller
- Inspection certificate trap
- LC charges pitfalls
- Expiry date and place of presentation trap
Date
Friday, 23 Aug 2024
Time
01:00 AM - 09:00 AM
CPE Hours
7
Location
Carlton Hotel, 76 Bras Basah Road, S(189558)
Cost
$398 nett per participant (inclusive of course materials, e-certificate, lunch, tea breaks & refreshments)
Payment Methods
Bank transfer, PayNow, cheque or cash
Trainer
Register Online or Download the Registration Form and email to enquiries@takx.com.sg
Complete registration form below and submit.
Look out for confirmation email with soft copy invoice.
Remit payment by Paynow Corporate (UEN no. 200719590R), bank transfer, cheque or cash to TAKX Solutions Pte Ltd.
Look out for reminder email closer to workshop date.