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Importers and exporters will no doubt go for the payment options that are in their favour when settling international trade transactions. Payment in advance would benefit sellers, while buyers would normally prefer open account. Other payment options such as documentary collections and Letters of Credit may involve different factors for consideration. This workshop will introduce various payment options, explain the risks involve, and provide practical notes and advices for all parties concerned.

This workshop is suitable for people engaging in merchandising, sales and purchasing, logistics, supply chain, and finance/accounting.

Course outline:
1. Introduce different types of export trade finance based on various payment terms
2. Recognize the pre-export and post-export financing techniques applied in international trade
3. Learn how to use short-term export trade financing solutions to accelerate cash flow in different types of transactions and circumstances
4. Documentary collections and Letters of Credit processed by banks are quite different in operation. What should be noted when applying them? What are bank charges and relevant banking documents required by these payment options?
5. Both open account and payment in advance incur risks to both importers and exporters. How could users obtain the biggest protection without the need to handle numerous banking documents when applying these risky payment options?

This workshop will be conducted in Cantonese. Please refer to the Chinese version for details.


Coronavirus Containment Measure:
- To prevent the spread of Covid-19, we kindly ask that all event participants wear a mask when attending the event
- To minimise the risk of spreading the coronavirus, if you or a family member has been overseas within 14 days of this event, then we kindly request that you do not attend.
- To prevent the spread of Covid-19, food and beverages will not be provided during the event
- Chamber staff will be conducting temperature checks at the premises.

DISCLAIMER
Speakers' presentations at this event are intended for educational purposes only and do not replace independent professional judgment. Statements of fact and opinions expressed during this event are those of the speakers and participants and, unless expressly stated to the contrary, are not the opinion or position of the Hong Kong General Chamber of Commerce, its members, or its committees. The Chamber does not endorse or approve, and assumes no responsibility for, the content, accuracy or completeness of the information presented. Attendees should note that, with the approval of speakers, this event may be recorded, and possibly published on the Chamber's website in audio and/or video formats without further notice.

Recording, duplication or distribution of the contents of the online event is prohibited without prior written permission from the Chamber.

Speaker(s)

Ir Dr Irene Poon (DBA, MBus, BBus, CMILT, MHKIE, MIPSHK)

Irene is a logistics professional with over 20 years' experience in shipping and letter of credit operation for multi-national companies. Her clients include P&G, Nestle, Cadbury, Philips, General Electric and McDonald's. Irene is a "Certified Logistician Trainer" and a "Certified Trainer of ITC International Purchasing and Supply Management". She is also a member of the Chartered Institute of Logistics and Transport in Hong Kong ("CMILT") and the Hong Kong Institution of Engineers in Logistics and Transport ("MHKIE"). In March 2019, she completed the PAS 1018 "Train the Trainer" programme.

 

Language Cantonese
Date and Time 2021/10/28 14:30 to 17:30
Venue Chamber Theatre, 22/F United Centre
Media Closed to media
Enquiries Cathy Chan
Tel: 2823 1282
Email: cathy@chamber.org.hk
Fee Members @ HK$850 / Non-Members @ HK$1,050
+$50 for booking offline
This event accepts Chamber Coupon (terms and conditions)
Members enjoy 30% discount with BOC HKGCC VISA Card
Notes - Bookings are only confirmed upon receipt of payment, on a first come first served basis.
- Booking transfer is allowed for corporate members with advanced notice, walk-ins are normally not accepted.
- The Chamber reserves the right to decline any booking or cancel the event. In such case, a full refund of the participation fee will be issued.
- No refund will be made for last minute cancellations or no-shows. If the booking is cancelled at least 7 days before the event, and in such cases the refund will be subjected to a 10% administration fee, or HK$100 deduction, whichever is higher.
- Members paying with their BOC HKGCC Visa Card will enjoy a 30% discount on their reservation. The discount is only applicable to the card holder, and does not extend to their guests. The discount cannot be used in conjunction with Chamber Coupons.
- A $50 handling fee per person will be charged for all offline bookings (e.g. fax, e-mail, post) for all Chamber events. Go online today by downloading our app or registering on the HKGCC website to save the environment and money.
- Priority is given to corporate members. The decision to accept or decline any booking shall be at sole discretion of the Chamber.
- Participants agree to indemnify the Chamber and the hosting party all liabilities for property damage, physical injury or death in relation to this event. Participants are advised to take their own insurance against all risks.

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