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LC’s 201 | Advanced Track

November 19, 2019 @ 8:00 am - 4:30 pm

This program will benefit those with more experience, who have a good fundamental understanding and experience working with LC’s or are directly and primarily responsible for LC’s within their company.  This program will also explore best practices involving LC’s and Bank Guarantees to make LC’s simpler, more workable and friendlier to use.

AM:  Advanced Commercial LC’s in the morning

* Incoterms

  1. a) Overview 2010 vs 2020
  2. b) UCC terms and Incoterms
    * Structuring your LC – your pro-forma invoice and LC guide
    * Confirmation, usance & discounting
    * Transferable LC’s and assignment of proceeds
    * LC rules and the UCP
    * LC fraud & Boycott issues

* Different shipping locations

PM:  Advanced Standby LC’s in the afternoon

* Definition of a SBLC vs bank guarantee

* Financial vs performance

* SBLC governing rules: UCP 600 | ISP 98 a deeper dive
* URDG 758 relative to BG’s versus local law

* Challenging markets
* Structuring counter SBLC’s in support of local issued BG’s | auto renewals | related fees
* Canceling the counter SBLC’s and/or BG’s
* Examples and case studies

Venue

Hilton Garden Inn
11600 W Park Place
Milwaukee, WI 53224 United States
+ Google Map
Phone:
414-359-9823