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Introduction to Letters of Credit - Webinar

Webinars - Introduction to Letters of Credit -  Webinar

By : Compliance Online

Date : 2011

Location : United States US / Palo Alto

Video 01h 46m
Description :

Understand the process of a letter of credit and how to comply with letter of credit requirements to help reduce or prevent costly discrepancies.

Keywords :

compliance, UCP 600, ICC, L/C process, letter of credit, method of payment , rules, International Chamber of Commerce.

A letter of credit is one method of payment used in international trade transactions. The Uniform Customs and Practices (UCP 600) are the current internationally recognized set of rules created by the International Chamber of Commerce (ICC) which govern the use of letters of credit.


The benefit to using a letter of credit is that it provides a conditional guarantee of payment from the importer (applicant) to the exporter (beneficiary) if the terms and conditions of the documentary credit are complied with.

Attend this webinar to understand the process of a letter of credit and how to comply with letter of credit requirements to help reduce or prevent costly discrepancies.


Who Will Benefit:

  • International Sales and Marketing
  • International Customer Service
  • Purchasing
  • Finance and Accounting
  • Customs brokers/freight forwarders
  • Importers/Exporters


Areas Covered in the Seminar:

  • Letter of Credit (L/C) process.
  • Terminology in L/C.
  • L/C instructions and preparation.
  • Review of a L/C.
  • Checklist for a L/C.
  • Costs for importer and exporter.
  • Types of discrepancies.
  • Documents in a L/C.
  • Overview of UCP 600.



Instructor Profile:

Jan Seal, is a Management Consultant on International Trade and a Licensed Customhouse Broker with over 35 years of experience in imports and exports. Ms. Seal is a frequent speaker/instructor at nation-wide seminars for international companies located around the world and international trade organizations. She also is a consultant for medium to multi-national companies on trade compliance. She has taught courses for Import Specialists at the National Customs Academy.

She is the author of eight books on various international trade topics.

She received her BA Degree from California State University at Fullerton with a year of post-graduate work in Education at the University of California, Riverside. She received her MBA at California State University, Dominguez Hills, and is a member of Delta Mu Delta National Honor Society in Business Administration.


Recorded webinar and reference materials will be available on your account after purchase.

Introduction to Letters of Credit

Product Type : On Demand Webinar

Author : Jan Seal

Video 01h 46m

Languages : English

Organizer : Compliance Online

ComplianceOnline is a Regulatory Affairs Professionals Society(RAPS) RA Professional Development Portal provider. ComplianceOnline is committed to enhancing the ongoing professional development of regulatory affairs professionals and other stakeholders through appropriate regulatory affairs learning activities and programs ComplianceOnline has agreed to follow RAPS-established operational and educational criteria