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Understanding Pitfalls in LC Transactions - 10th 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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CPE Hours


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Carlton Hotel, 76 Bras Basah Road, S(189558)

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$398 nett per participant (inclusive of course materials, e-certificate, lunch, tea breaks & refreshments)

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Payment Methods

Bank transfer, PayNow, cheque or cash


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Victor Tan

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