Transferable Letters of Credit for Export Financing

Duration: 60 Minutes
This 60-minute training will help exporters understand Transferable Letters of Credit and how to use them for financing the purchase goods from a supplier for shipment.
Transferable Letters of Credit
Instructor: John W. Dunlop
Product ID: 501665
Objectives of the Presentation
Attendees will learn how to use Transferable Letters of Credit to finance exports and what terms and conditions they must comply with for successful transactions.

Why Should you Attend
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 2nd beneficiary's invoice with the 1st beneficiary's invoice for the full value of the letter of credit.

This 60-minute comprehensive training will help exporters understand Transferable Letters of Credit and how to use them for financing the purchase goods from a supplier for shipment.

Areas Covered
  • What is a Transferable Letter of Credit, UCP Article 38
  • How it is used for export financing
  • What are the terms and conditions of a transferable LC
  • How do I substitute my invoice for the higher amount
  • How do I transfer a LC to a second party supplier
  • What are the benefits of a transferable LC
  • What are the risks of a transferable LC
  • How confidential is the transferable LC
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.
  • Export trading companies that need financing
  • Import companies that are asked to provide a Transferable Letter of Credit
  • Freight forwarding companies that must prepare negotiable documents for clients
  • Bank staff involved with commercial bank trade finance services
$300
Recorded Session for one participant
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
John W. Dunlop is CEO of InterNetLC.com, LLC. The company 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. InterNetLC.com has been awarded an Export Achievement Certificate for accomplishments in the global marketplace by the US Commercial Service.
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