02 May 2018

Published also in Business Mirror

WITH the growing free-trade agreements of the Philippines with other countries, tariff barriers have been lowered, if not removed totally.  This development has encouraged more businesses to import and export goods to and from different countries. For trade transactions, buyers and sellers prefer Letters of Credit (LC)—a payment mode that is secure, safe, and acceptable to both parties.

To provide you comprehensive knowledge on the use of the LC, the Center for Global Best Practices will hold a two-day program entitled “Mastering the Use of Letters of Credit for Import and Export” on May 24 and 25 at the Manila Marriott Hotel, Pasay City.

Master the nine different types of LC and use it for your business’s advantage. Get practical tips on how to prepare and check LC documents to avoid discrepancies, the pitfalls and the traps in using such mode of payment. Find out the secrets on how you can save on LC transactions that bankers will never tell you. Learn from actual cases and samples to your favor.

This special program will fly in Singapore-based expert Victor Tan. He is an accredited lecturer of the International Chamber of Commerce and one of the most sought-after lecturers and authority in the field of international trade. With over 15 years of banking experience in Europe, he has worked with various international banks such as Standard Chartered Bank, Amsterdam-Rotterdam Bank, Bangkok Bank, Royal Trust Merchant Bank and Barclays Bank. (He served as Deputy Head of the trade and finance department of Barclays Bank.) He conducts highly specialized training programs for different clients in Jakarta, Bangkok and Singapore.

This program is tailored best to entrepreneurs, importers and exporters, traders, CFOs, auditors and anyone who would like to venture into import and export of goods. Interested participants are encouraged to avail themselves of the early registration savings and group discounts. This is a limited-seats only event and pre-registration is required.

For a complete list of best practices programs, such as “Incoterms, Revised ISBP on LC Transactions,” “Best Practices Guide on How to Import Goods to the Philippines” and many more, you may visit our web site at www.cgbp.org, or call our Manila line (+63 2) 556-8968/ 69, Cebu line (+63 32) 512-3106 to 07 and Legazpi Line (+63 52) 736-0148.