How To Get Paid in Import-Export Transactions: The Ins and Outs of Letters of Credit
Speaker: Douglas Cohen
Speaker Designation: Senior Manager for Global Trade & Contracts at Worldwide Trade & Legal Associates
Speaker: Douglas Cohen
Speaker Designation: Senior Manager for Global Trade & Contracts at Worldwide Trade & Legal Associates
This web session is designed to provide attendees with an end-to-end understanding of the L/C (letter of credit) process. From the beginning of a contractual agreement, through the letter of credit application process and actual negotiation of the L/C, this information-rich webinar will provide techniques that are indispensable to both importers and exporters and trade finance personnel.
Letters of Credit are the primary instruments for assuring payment of goods sold internationally. Letters of Credit are issued under the International Chamber of Commerce's Uniform Customs and Practice standards and can be negotiated by over 30,000 banks worldwide.
If your organization imports or exports, or is involved with trade financing, you must understand letters of credit.
Even in today's free trade-oriented business environment, companies must exercise particular caution when agreeing on payment terms. With financing choices that include cash in advance, open terms, letters of credit (L/C), both importers and exporters need to understand the true implications of their credit policies and practices.
In recognition of the challenges associated with the execution of international payment terms, this webinar will provide both importers and exporters with the insight necessary to make well-informed credit decisions. Using a combination of easy-to-understand explanations and real-life scenarios, this program is ideal for credit managers, international sales people, logisticians and order management personnel.
This webinar is a must-attend event for importer or exporter and those who need to understand the details of how to negotiate, prepare and execute error-free letters of credit.
For more than 20 years, Douglas Cohen has been at the forefront of international trade and transactions. With positions in private law practice, the US Department of Commerce, the European Union, IATA, and American Airlines, Mr. Cohen has developed significant expertise in import export compliance, international negotiations, intellectual property, and Internet laws. At present, he is Senior Manager for Global Trade & Contracts at Worldwide Trade & Legal Associates, where he provides legal and strategic advice to organizations seeking to enter or expand foreign markets.
Mr. Cohen has been asked to teach university courses and corporate seminars on international business and law in the US, Europe, Asia, and the Middle East. He is the author of numerous publications on Internet law, international contract negotiations, intellectual property protection, and import-export operations and compliance.
