Description

Description:

This live session on Import and Export through Letter of Credit covers the fundamentals of Letter of Credit and how it is used in international trade. The session will provide insights into the essential terms and conditions of a letter of credit, the types of letter of credit available and how they work. Participants will also learn about the risks and benefits associated with letter of credit and how to mitigate them.

Key Highlights:

• live class on 26 May 2023, at 7.15 PM
• Understand the basics of Letter of Credit
• Learn about the types of Letter of Credit and how they work
• Gain insights into the risks and benefits of using Letter of Credit
• Learn how to mitigate risks associated with using Letter of Credit in international trade

What you will learn:

• Understand the basics of Letter of Credit
  Learn what a Letter of Credit is, how it works and why it is important in international trade.
• Learn about the types of Letter of Credit and how they work
  Learn about different types of letter of credit, including confirmed, unconfirmed and standby letters and understand how each of them work.
• Gain insights into the risks and benefits of using Letter of Credit
  Learn about the risks and benefits associated with using a letter of credit in international trade and how to mitigate those risks.
• Learn how to mitigate risks associated with using Letter of Credit in international trade
  Learn tips and tricks for mitigating the risks associated with using a letter of credit in international trade, including tips for selecting a reputable bank, conducting proper due diligence on the buyer, and understanding the terms and conditions of the letter of credit.