Learn to use LC in import, export

MANILA, Philippines — With the growing free-trade agreements of the Philippines with other countries, tariff barriers have been lowered if not removed totally.  This development has encouraged more businesses to import and export goods to and from different countries.

For trade transactions, buyers and sellers prefer Letters of Credit (LC) – a payment mode which is secure, safe, and acceptable to both parties. To provide  the public with comprehensive knowledge on the use of LC, the Center for Global Best Practices will hold a two-day program titled, “Mastering the Use of LC for Import and Export” on May 24 and 25 at the Manila Marriott Hotel, Pasay City.

Master the nine different types of LC and use it for businesses advantage. Get practical tips on how to prepare and check LC documents to avoid discrepancies, the pitfalls and the traps in using such mode of payment. Find out the secrets on how to save on LC transactions. Learn from actual cases and samples.

The program will fly-in Singapore-based expert, Victor Tan. He is an accredited lecturer of the International Chamber of Commerce and one of the most sought-after lecturer and authority in the field of international trade. With over 15 years of banking experience in Europe, he has worked with various international banks such as Standard Chartered Bank, Amsterdam-Rotterdam Bank, Bangkok Bank, Royal Trust Merchant Bank and Barclays Bank (last of which he had served as deputy head of the trade and finance department). He conducts highly specialized training programs for different clients in Jakarta, Bangkok and Singapore.

For a complete list of Best Practices Programs, such as Incoterms, Revised ISBP on LC Transactions, Best Practices Guide on How to Import Goods to the Philippines and many more, visit our website at www.cgbp.org, or call our Manila line (+63 2) 556-8968/ 69, Cebu line (+63 32) 512-3106 to 07 and Legazpi Line (+63 52) 736-0148.