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
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Date
Friday, 23 Aug 2024
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Time
01:00 AM - 09:00 AM
CPE Hours
7
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Location
Carlton Hotel, 76 Bras Basah Road, S(189558)
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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
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Complete registration form below and submit.
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Look out for confirmation email with soft copy invoice.
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Remit payment by Paynow Corporate (UEN no. 200719590R), bank transfer, cheque or cash to TAKX Solutions Pte Ltd.
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Look out for reminder email closer to workshop date.