Cost per participant:  USD 75

Do you want to set your business up for success using Letters of Credit?

This webinar will introduce you to Documentary Letters of Credit (DLCs); important payment tools that are a vital resource to secure your export payments and improve your business’s cash flow.

This session will provide you with all the tips to simplify and utilize this payment process to your advantage and help you understand every step of the way.

You’ll also learn the difference between DLCs and SBLCs (Standby LCs) and when SBLCs are typically used in international transactions.

This session will also include a brief discussion of Documentary Collections: their risks and a potential risk mitigation tool.

You will learn:

 The Role of Letters of Credit in International Trade.

• Major Problems with Letters of Credit.
• Why these problems occur and what to do about them.
• Alternative payment options to LCs.
• The 7-Step Letter of Credit Process Explained.
• Why exporters must negotiate Letter of Credit terms and conditions with buyers to be successful.
• Dangers of not embracing and implementing the Letter of Credit process.

Learning Outcome: You will understand how to create a roadmap for LC success.

This is the Foundation webinar of the LC series. It introduces all the key elements of building a successful LC experience. Do not miss this webinar if you want to be successful using LCs.

Letters of Credit can be tricky, but with our expert trainers and wholistic education, you can ensure your trade documentation is fast, easy and discrepancy free - every time!