Master Class (25th year)
LETTERS OF CREDIT – IN-DEPTH UNDERSTANDING
2020 – Crystal Crown Hotel Petaling Jaya FEES - RM 1,700
July 14 & 15 Sept 7 & 8 Nov 3 & 4 per participant (Including
handouts, course
INTRODUCTION materials, lunch and tea
Letter of Credit is the life blood of international trade. But It can be fraught with many break). SST at 6% to be
risks if you do not know how it actually works! There are many cases of exporters not added.
getting payment under Letters of Credit. The case of PGEO vs Bank of New York is a TEAM DISCOUNT
good example. PGEO an established palm oil producer in Malaysia lost US$4.4 million Discount of RM100-00
due to a simple spelling mistake in the documents! We provide a very thorough training each if you register as a
so that you can understand how LC works and avoid all the risks. group of 3 or more.
ELIGIBILITY FOR SBL
COURSE OUTLINE SCHEME
• Companies must apply
1. Overview of Methods of Payment and Trade Facilities in International Trade.
directly to HRDF.
2. Trade Documents commonly used in International Trade – Bills of Exchange, Bills of Lading, etc.
3. Trade terms commonly used in International Trade Maximum 19 paxs only.
4. Step by Step detailed flowcharts and Samples on how various types of Letter of Credit work. Ministry of Health’s SOP on
social distancing for public
5. Secret Cost Saving Areas in LC transactions which your bankers will never tell you.
training to be followed
6. Case Studies on non-payment under LC where traders had lost millions of ringgit! strictly.
7. Why payment are often delayed in LC transactions and how to overcome this.
8. Date of Issue, Shipment, Presentation; Date and Place of Expiry. LC Expert & Master Trainer
9. Role and Liability of Banks and Rights of Recourse Billy Fong Goon Poy ACIB
10. Practical pointers when applying for a Letter of Credit (Importer).
11. How to prepare and check documents to avoid discrepancies.
12. Discussion on Discrepancies – Why; How To Resolve
13. Practical pointers when presenting documents under a Letter of Credit (Exporter)
14. How to avoid Pitfalls and Traps in the use of Letters of Credit.
15. Detailed checklists for Exporters and Importers
16. Concept of Confirmed LC and “Silent Confirmation LC”
17. Application of UCP 600 in Letter of Credit
“Excellent...Innovative...Very
FAX REGISTRATION FORM TO 03-7954 9909 knowledgeable...Effective in his
Teaching Methodology” These
Date of course: __Letter of Credit – In-Depth Understanding____ Date: _ _______________ are some of the many positive
comments from participants.
Pax Name : Mr/Ms Mobile
Billy Fong was formerly the head of
Pax Name : Mr/Ms Mobile the Trade Finance Faculty of the
Pax Name Mobile staff training centre of a major
: Mr/Ms
international bank in Malaysia.
Company Contact Person : Mr Ms He has close to 30 years of training
Company : experience. He has a passion of
making complex concepts into
Job Title : something very simple. Many
Address bankers, exporters, importers and
:
traders from as far as Australia,
: Brunei, Hong Kong, China,
Tel No. Ext Fax No. : Singapore, Indonesia, Myanmar,
: Thailand, Kuwait, India, Qatar and
E-mail : Mobile: other countries have attended his
training.
Our HOTLINES – call Sook
Ling at
012-3988166 or 03-7954 5909 / 03-7931 2026
Organised by: TRADELINKS RESOURCES SDN BHD
No. 8 Lorong 12/14-B, 46200 Petaling Jaya, Selangor
Website: www.tradelinks.com.my Email:
[email protected]
