Course details
The letter of credit is an indispensable financing instrument used in international trade transactions. Parties to the letter of credit transaction have to abide by the rules governing its use. To many, such rules are confusing. Unfortunately, misinterpretation or misunderstanding of the terms may result in financial losses. Efficient processing of letters of credit documents is important in today's business environment. Staff must be familiar with the UCP rules governing letters of credit transactions, the risks involved, rights and obligations of the various parties. Knowing how to process the documents correctly for letter of credit negotiation will help the company to save costs and minimise claims. This course aims to provide sufficient working knowledge to participants to enable them to minimise costs and delays in their business transactions.
Designed For
Those who are involved in trade documentation, purchasing and supply, logistic operations, credit management, sales and marketing.
Certification
A Certificate of Attendance will be awarded upon successful completion with 75% attendance.
Updated on 08 November, 2015Course Location
About Singapore Logistics Association
As a trade association, SLA seeks to fulfill its objects in close collaboration and engagement with logistics companies and professionals, institutions and academia, industry organisations and partners, government agencies as well as international organisations and businesses.
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