Live Webinar Letters of Credit for Importers and Exporters (TRD272D)

01:00 PM EDT | 10:00 AM PDT | 12:00 PM CDT Duration 60 Minute

Webinar Includes : All the training handouts , certificate ,Q/A and 60 mins Live Webinar

Description

Join This course On May 17, 2017  at 01:00 PM EST | 12:00 PM CST | 10:00 AM PST

How to Prepare, Negotiate and Execute Error-Free Letters of Credit

Letters of credit are the primary instrument for assuring payment of goods sold internationally. Issued under the Uniform Customs and Practice standard, letters of credit can be negotiated by over 30,000 banks worldwide. If you or your organization uses letters of credit, it’s crucial for your staff to understand how to effectively handle them.

Even in a business environment that is free trade-oriented, particular caution needs to be exercised by companies when they agree on payment terms. With financing options in addition to letters of credit that include sight drafts, time drafts, open terms and cash in advance, both exporters and importers need to understand the implications of their credit practices and policies.

This webinar by expert speaker Douglas Cohen will provide both exporters and importers the necessary insight to make well-informed credit decisions despite the challenges associated with the implementation of international payment terms. In this program, Douglas will use a combination of real life scenarios and easy to understand explanations that will help importers and exporters understand the details of how to prepare, negotiate and execute error-free letters of credit.

Areas Covered

-- Gain a detailed understanding of the letter of credit process
-- Learn how to negotiate the terms of both import and export letters of credit
-- Be 100% aware of documentation requirements and all associated expenses
-- Learn how to avoid amendments and discrepancies
-- Understand the roles of banks and freight forwarders in the letter of credit process
-- Documentary credits defined
-- Letters of credit for both importers and exporters
-- Sight drafts and time drafts
-- Tips for negotiating letter of credit terms

Who will Benefit

-- CEOs, CFO, COO, Directors, VPs & C-Level Professionals
-- Exporters/Importers
-- International sales/BD Personnel
-- Customs brokers
-- Export/Import Compliance Personnel
-- Freight forwarders
-- International banking personnel
-- Professors and students of global trade
-- Supply Chain & Logistics Professionals
-- Purchasing Manager
-- Trade Consultants/Advisors
-- Chambers of Commerce Professionals
-- Foreign Trade Agency Professionals
-- Airlines
-- Steamship lines

Industries who can attend

This 60-minute online course is intended for professionals in the Import and export companies and organizations around the world. Although not presently stated in the draft , the same guide could be used by FDA Regulated Industries personnel


Speaker Profile

Douglas Cohen

For more than twenty years, Douglas Cohen has been at the forefront of international trade and transactions. With senior positions in private practice, the European Union, the U.S. Department of Commerce, the International Air Transport Association,and American Airlines, Mr. Cohen has developed substantial expertise in international trade compliance, international contracts, anti-trust, intellectual property, aviation/aerospace, and EU law and policy.

At present, he is Senior Manager for Global Trade and Contracts at Worldwide Trade and Legal Associates (WWTL), where he provides legal and strategic counsel to companies seeking to create and expand foreign markets. In addition, Mr. Cohen directs the Compliance Training division at WWTL, where he delivers training webinars on international trade.

Mr. Cohen has been asked to teach his expertise at universities and professional conferences worldwide. He is the author of numerous publications and webinars on import-export compliance, import-export strategy, international negotiations, foreign market entry, cross-cultural communications, Internet law, and intellectual property protection.

JD, University of Denver
MBA, Thunderbird, American Graduate School of International Management 
BA, Michigan State University (International Relations)
International Law, Hague Acadamy of International Law 
EU Law and Policy, Universite Libre de Bruxelles

Specialties: Global Mindset: Worked, studied, taught, and enjoyed business relationships in over 35 countries.

Management: Lead cross-functional/cross-cultural teams. Foster innovation and collaboration.

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