Course details
PROGRAMME OUTLINE
1.The Law and Practices of International Trade (Incoterms 2010)
- INCOTERMS 2010
- Meaning of EXW, FCA, FOB, CFR, and CIF
- How to use the terms to your advantage
- Responsibilities of buyer and seller
- Meaning of title and transfer of risk
- How to do quotation and prevent losses
2. The Fundamental of International Trade Financing
- Finance for exporter & importer
- Factors for financing
- Export Credit Insurance
- International Export factoring
- Trust Receipt and Discounting Bill
- Types of payments
3. The Elements of Letter of Credit
- Operation of Letter of Credit
- Rules concerning the application of L/C
- How to do effective L/C negotiation
- Methods of overcoming discrepancies
- Effective methods of checking L/C
- How to do financing in Back-to-back L/C
- Understanding UCP 600
4.Understanding International Fraud and Prevention
- Understanding of LC fraud
- Characteristics of LC fraud
- Methods of LC fraud
- Malpractices and weakness in shipping practices
- How to prevent fraud
PROGRAMME OBJECTIVE
This seminar is designed to give participants an overview and an in-depth understanding and knowledge of the operations of the Letter of Credit and international trade financing. This seminar aims to provide both practical and theoretical aspects of the latest and the most effective ways of handling Letter of Credit, its applications, and its fraud prevention.
Updated on 08 November, 2015Course Location
About SMF Centre for Corporate Learning
The Singapore Manufacturing Federation (SMF), formerly known as the Singapore Manufacturers' Association, was first established in 1932. Its main aim is to champion the Singapore manufacturing sector. With a membership of over 2,800 corporate members ranging from MNCs to SMEs, SMa carries out a myriad of activities to enhance the competitive edge of our members.
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