Letters of Credit: Beyond the Basics

September 23, 24 and 25, 2009
11:00am ET
Duration – 3 days – 60 minutes per day
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Summary

Webinar at a glance:
Use Letters of Credit to your Advantage. Uncover the secrets of complying with Letters of Credit. Learn when letters of credit are most appropriately used and how to use them effectively. Discover when NOT to use a letter of credit. Learn the tricks of the trade and what banks are looking for when they examine the documents on a Letter of Credit. Understanding the intricate parts of a Letter of Credit (what to expect and not to expect) will help you make an “informed” payment term decision.

DAY 1 (60 minutes) DAY 2 (60 minutes) DAY 3 (60 minutes)

Topics that will be covered

  • Understand how to use Letters of Credit effectively
  • Realize the common discrepancies in documents involved with a Letter of Credit
  • Find out how to avoid discrepancies
  • Discover the roles of each of the banks involved in the Letter of Credit process
  • Learn the rules that govern Letters of Credit (UCP600, ISP98, Bank to Bank Reimbursements)
  • Discover what “NEW” rules might affect your transactions
  • Understand the difference between “By Negotiation”, “By Acceptance”, “By Payment”, and “By Deferred Payment”
  • Find out why it is important to send your customer instructions for opening the Letter of Credit
  • Discover the advantages of a “discounted” Letter of Credit
  • Learn about financing with Letters of Credit
  • Find out how a Banker’s acceptance works
  • Uncover the “tricks of the trade” to ensure a quick and easy payment
  • Case studies

Instructor

Laura Pedersen, CDCS, CICP
Global Banking Officer for First National Bank of Omaha

Laura Pedersen, Global Banking Officer for First National Bank of Omaha, has over 29 years in the international arena, holding a CDCS (Certified Documentary Credit Specialist) certification and a CICP (Certified International Credit Professional) certification.  Laura attended the University of Nebraska, and for over 18 years managed the international department for a large manufacturing company where she oversaw international credit and collections, international shipping and documentation, international order entry and customer service.  With Laura’s extensive background in all aspects of international trade, Laura has been working with companies for over ten years helping them facilitate their international transactions.  

Laura is currently a member of the FCIB Advisory Council.  She is a past president and current board member of MITA (the Midwest International Trade Association), and as a Junior Achievement volunteer, Laura teaches classes on international business to many public and parochial school students.  Laura regularly presents seminars and workshops on Letters of Credit, Incoterms, and Export Documentation and Procedures.  Laura also published a quarterly newsletter relating to international topics.

Registration Fees

FCIB Member: Non-Member:
$295
(total for all 3 sessions) 		$395
(total for all 3 sessions)

Registration Fees Include:

  • One telephone and web connection at one physical location
  • Unlimited number of participants from the same company at the same physical location (all participants must be registered to receive the Certificate of Attendance)

Cancellation and Refund Policy

Registration fees, less a $50 processing fee will be refunded for written cancellations received 7 days before the program start date. No refunds for cancellations within 7 days of the program start date. Substitutions are permitted.

Certificate of Attendance

Participants who attend the 3 consecutive webinar sessions on September 23, 24 and 25 will receive a Certificate of Attendance.

Earn CICP Points for Participating

CICP designation holders receive 1 CICP Point for participation in the FCIB Webinar (3 consecutive webinar sessions).