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.
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.