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| SBF Events |
SBF Workshop on Letters of Credit
An in-depth understanding for Importers & Exporters
(Registration FULL) |
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| Date |
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19 & 20 Feb 2009 |
| Time |
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9.00 am - 5.00 pm |
| Venue |
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SBF Seminar Room 2
(21st Level, Keppel Towers) |
| Fee per pax |
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SBF Members - S$535
Non Members - S$642
*All fees are inclusive of 7% GST
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| Workshop Curriculum |
- 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, Cert of origin etc
- Trade terms commonly used in International Trade - FOB, CFR, CIF, FCA, CIP,CPT, EXW, FAS, DDP, DDU, DAF, DES, DEQ
- Step by Step detailed flowcharts and Samples on how various types of Letter of Credit works
- 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 a Letter of Credit (Importer)
- How to prepare and check documents to avoid discrepancies
- Discussion on Discrepancies - Why; How To Resolve
- Practical pointers for Exporters when presenting documents under a Letter of Credit
- Common LC Discrepancies checklist
- Detailed checklists for Exporters and Importers
- Concept of Confirmed LC and "Silent Confirmation LC"
- Advantage & Risks of using "LC - TT/SWIFT Reimbursement Allowed" to both exporter & Importers
- Application of UCP 600 in Letter of Credit.
- Back to Back LC and Transferable LC
- Practical exercises/case studies
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Target Audience
This workshop is designed to benefit staff involved in customer service, order processing, finance and accounting, shipping & logistics, credit analysts and credit control, sales & marketing, freight forwarders and shipping. It is also suitable for any company intending to export regionally and globally.
Instructors
This workshop will be conducted by Victor Tan, MBA(Strathclyde), ACIB, MInstAM, a qualified Life Associate Member of The Chartered Institute of Bankers, London and has 15 years of banking experience covering the areas of International Trade Finance, Remittances, Guarantees, Import and Export departments. He has worked with various International Banks since 1977 starting with Standard Chartered Bank, Amsterdam-Rotterdam Bank, Bangkok Bank, Royal Trust Merchant Bank and lastly Barclays Bank, where he was Deputy Head, Trade Finance, on leaving the Banking industry in 1992.
As workshop interaction is an important consideration, class size is limited to 30 participants.
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Administrative Details
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- Please mail this registration form together with cheque to SBF (10 Hoe Chiang Road #22-01 Keppel Towers Singapore 089315). Cheque should be made payable to "Singapore Business Federation". Please indicate the Ref No., company name and participant’s name, SBF membership no. behind cheque.
- Confirmation of your registration (i.e. Confirmation stamp on this flyer from SBF) will be faxed to your company upon receipt of full payment. Please present the confirmation for admission to seminar room.
- We regret that no refund will be made for cancellation or non-attendance but a replacement is allowed. Full fees will be charged for cancellation or non-attendance.
- Please note that registration will be 15 minutes before the start of the workshop.
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Ref No: MBER 022/190209/01W
REGISTRATION FORM - Attn: MR Dept / Daphne or Su Ling
Closing date: 18 Feb 09
NOTE : As a precautionary measure, our advice is for members who are unwell not to attend the session.
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