ASMARA U.S.A. Inc.

An International Trade Compliance Management (ITCM) Consultancy

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TRAINING - EXPORT OPERATIONS

LETTERS OF CREDIT (ASM60)

A program for sales, shipping, export practitioners and bankers for efficient management of Letters of Credit in their international trading activities.

Chapter

Formulating Topic

Detail

  1.  
       Guide to the UCP500 Regulations and the new UCP600

·      The legal basis

  1.  
       Types of Documentary Credits

·      Important terms and principles

  1.  

Role of Banks

·      Process from Advising Bank to Reimbursing Bank

  1.  

Incoterms

·      Applicability determination

  1.  

Proforma Invoice

·      Critical items

  1.  

Letter of Credit Instructions

·      Avoidance of contradictory clauses

  1.  

Purchase Order

·      Clarity, Exceptions, Caution

  1.  

Letter of Credit Receipt and Screening

·      Alerts and red flags

  1.  

Amendments

·      Early signs, bank interaction

  1.  
        Export Documentation

·      Invoice, B/L or AWB, P/L, C.O., Draft, Insurance and other certificates

  1.  
       Negotiation

·      Cover Letter, final check

  1.  

Reimbursement

·      Kinds of; Connected to P.O. and L/C instructions, Collection

  1.  

Discrepancies

·      Avoiding, Handling, Tracking

  1.  

Export Clearance and Record Keeping

·      SED, AES, Audit check

  1.  

Government agencies to export transactions

·      Licensing authority, customs authority

SUMMARY

·         Provides an analysis and interpretation of international Letters of Credit, adherence to their terms and conditions, document negotiation and up until final reimbursement.

·         Addresses Screening, Documentation, and Record Keeping processes for full compliance.

·         Assists in the evaluation of Letter of Credit management solutions for export administration decisions as required.

·    Focus is placed on business units dealing with contracts, customer service, material planning, shipping and order entry.

For Bankers: A module of this training program is for banking institutions that provides a more customized guide to ICC Regulations, covers all 49 articles of the UCP500 in detail as well as the upcoming new UCP600 and discusses the functions and benefits of SWIFT.

COST

Course Number ASM60

One day

Audience Size

Cost

1 to 5

$2500.00

6 to 10

$2950.00

11 - 20

$3750.00

The Instructor shall provide course Materials and resource guides.

Training is conducted on customer's site. Cost of air travel, accommodation and local transportation is not included in above costs.

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Have you considered building your own Letter of Credit negotiating and tracking system? We can help you construct a customized system just for your own needs that will track LOC's and create the required export documents.

For management consulting services for Letters of Credit administration. Call, email or submit your comments on the Services page.

 

Send E-mail  or call (310) 473-1884 or submit your request on our Services page.


Copyright © 2008 By Asmara U.S.A. Inc. All rights reserved.