Home / Workshops and Seminars / Understanding the Essentials of Letters of Credit - 23rd Run

Understanding the Essentials of Letters of Credit - 23rd Run

SDF Funding Available
SkillsFuture Credit Available

The Understanding the Essentials of Letters of Credit workshop is designed to equip participants with a good understanding of the terms and conditions in letters of credits (LCs), and the uses, mechanics and risks of LCs. At the end of the workshop, participants will be able to:

  1. explain in outline what Documentary Credits are,
  2. understand how to use a Documentary Credit,
  3. show in simple chart form how a Credit is created and used, and
  4. understand the various terms involved when using Documentary Credits.

The workshop is case-based, interactive and highly practical.

Key Topics

  • Overview of methods of payment and trade facilities in international trade
  • Trade documents commonly used in international trade: bills of exchange, bills of lading, invoices, packing list, insurance, cerificate of origin, etc
  • Trade terms commonly used in internationl trade: FOB, CFR, CIF, FCA, CIP, CPT, EXW, FAS, DDP, (DAT, DAP replaces DDU, DAF, DES, DEQ)
  • Step-by-step detailed flow charts and samples on how various types of LCs work
  • Cost-saving areas in LC transactions which your bankers will never tell you
  • Why payments are often delayed in LC transactions and how to overcome this
  • Date of issue, shipment, presentation, date and place of expiry
  • Role and liability of banks and rights of recourse
  • Practical pointers when applying for an LC (importer)
  • How to prepare and check documents to avoid discrepancies
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Friday, 26 Jul 2024

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01:00 AM - 09:00 AM

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CPE Hours


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

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$328 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


Photo of Victor Tan

Victor Tan

Register Online or Download the Registration Form and email to

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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.

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* Upon receipt of registration, any cancellation must be confirmed in writing, and will be subject to a 10% administrative charge. If notice of cancellation is received less than 5 working days before the course date, or if participant fails to show, participants will be invoiced for the full fee. However, substitutes will be allowed. TAKX Solutions Pte Ltd reserves the right to cancel/postpone the event or change the venue/date/time of the workshop in view of unforeseen circumstances. By clicking SUBMIT, you agree to our collection, use and/or disclosure of your personal data to the extent necessary to process your request and provide you with this service.

Date: Friday, 26 Jul 2024 1:00 AM - 9:00 AM
Venue: Carlton Hotel, 76 Bras Basah Road, S(189558)
Date: Friday, 22 Nov 2024 1:00 AM - 9:00 AM
Venue: Carlton Hotel, 76 Bras Basah Road, S(189558)