Companies that export products internationally can use Transferable Documentary Letters of Credit to finance the purchase of goods for shipment. The exporting company (1st beneficiary) of a letter of credit can transfer all or a portion of the credit to a second party or supplier (2nd beneficiary) for the purchase of goods and services. When the supplier ships the goods, the negotiating bank can replace the 2st beneficiarys invoice with the 1st beneficiarys invoice for the full value of the letter of credit.
Why should you Attend?
This webcast will help exporters understand Transferable Letters of Credit and how to use them for financing the purchase goods from a supplier for shipment.
You will learn how to use Transferable Letters of Credit to finance exports and what terms and conditions they must comply with for successful transactions.
Who will benefit?
This webinar will provide valuable assistance to all companies that export or import goods and need trade financing for the purchase of all or part of their goods from a second party.
John W. Dunlop is CEO of InterNetLC.com, LLC. InterNetLC.com provides the eTrade Finance Platform as an open source web service for online eUCP Letter of Credit and trade finance transactions. The company also provides Documentary Letter of Credit Management services to assist exporters and importers in managing the letter of credit process from purchase order to final payment.
Participants/Registrants for our live events, may cancel up to 72 hours prior to the start of the live session and ComplyArena will issue a letter of credit to be used towards any of ComplyArena's future events. The letter of credit will be valid for 12 months.
ComplyArena will process refund in cases where the event has been cancelled and is not rescheduled within 90 days from the original scheduled date of the webinar. In case if a live webinar is cancelled, participants/registrants may choose between recorded version of the course or a refund. Refunds will not be processed to participants who do not show up for the webinar. A webinar may be cancelled due to unavoidable circumstances, participants will be notified 24 hours before the scheduled start of the event. Contact us via email: firstname.lastname@example.org or call +1-888-222-5917 (Toll Free).