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Applications of Letter of Credit (L/C) have evolved rapidly with the fast-changing international trading environment over the past few years. Different kinds of L/C vary in their functionalities, terms and applications. Professionals who are involved in international trade should have an in-depth understanding of the characteristics of different types of L/C so as to avoid frauds and deception in trading engagements. In this workshop, the speaker will introduce to participants various types of L/C from the operational perspectives.

This workshop is suitable for employees engaging in the import and export field, including purchasing and procurement, sales management and accounting/ finance, logistic/ shipping and supply chain.

Course outline:
1. Introduction of various types of L/C from the operational perspectives.
2. When an exporter has financial concern about the L/C issuing bank, what should the exporter do to lower the risk?
3. Upon providing support to overseas subsidiaries in the process of credit facilities application in a local bank, what kind of L/C could the head office apply?
4. When an exporter is facing cash flow problems, which kind of L/C could offer the exporter with advance payment?
5. Besides the function as a payment tool in global business, what other functions does L/C perform?
6. Which kinds of L/C can be adopted to benefit both buyers and sellers in "processing trade"?

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.
- Attendees, who feel unwell are advised against in-person attendance at the Chamber. If attendees are required to undergo compulsory testing, please kindly bring along a negative PCR or RAT test result when attending physically.
- To prevent the spread of Covid-19, food and beverages will not be provided during the event.
- All visitors must scan the "LeaveHomeSafe" QR code at the entrance and undergo body temperature checks.

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.

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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

2022/07/21 14:30 to 17:00

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$750 / Non-Members @ HK$950
+$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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