CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th floor, 7-Cooperage Road, Mumbai - 400 001.
Tel : 91-22-22021288, 22021330 Fax : 91-22-22026684.
E-mail: info@chemexcil.in
Website: http://www.chemexcil.in
EPC/WEBINAR/23-24 05 JUNE, 2023
ALL THE MEMBERS OF THE COUNCIL
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CHEMEXCIL
ONE DAY WORKSHOP ON LETTER OF CREDIT (LC) TRANSACTIONS
28th June,2023, 10:00 AM to 06:00 PM
Hotel Fairfield Marriott, Ashram Rd,
Satyawadi Society, Usmanpura, Ahmedabad
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Dear Sir/Madam,
Greetings from CHEMEXCIL!
As you know Letter of Credit (LC) is most convenient method of settling the payments in international trade.
It provides complete financial security to the seller of goods. It is a document that guarantees the buyer's payment to the sellers.
The purpose of LC is to minimize risk in international trade transactions where the buyer and the seller may not know one another.
Though it is the safest method of payment nowadays in international trade but there are possible risks and frauds associated with LC transactions.
In fact, there are various problems disputes in the real practice of LC execution. The main parties, which involve in the process of letters of credit, are exporter, importer, and banks. The same as any payment pattern, all of these parties bear different risks.
In the recent past some of the exporters even after shipping the goods under a letter of credit could not get payment and the transactions caught struck in between.
In view of above, the Council is organizing a Physical, One Day Workshop on Letter of Credit (LC) Transactions at Ahmedabad on 28th June,2023 from 10:00 AM to 06:00 PM at Hotel Fairfield Marriott, Ashram Rd, Satyawadi Society, Usmanpura, Ahmedabad
The details of the workshop are as follows:
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Workshop Topic
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One Day Workshop on Letter of Credit (LC) Transactions
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Awareness on LC,
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Understanding technical terms
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Case Studies
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Analyzing real-life examples
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Practical exercises
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All the above issues will be discussed with appropriate case studies.
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Who should attend the webinar:
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Chief Executives of companies (who can guide their team and also able to identify the weak points in a letter of credit.
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Finance team who really handle the letter of credit transactions
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Marketing team who are initiating the letter of credit transaction with the buyer/importer.
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Logistics team who are dealing with CHA or freight forwarders or carrier.
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Transport operators who are instrumental in generating the prime transport document in a letter of credit transaction
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Compliance team in a company to assess whether the instrument is properly drafted
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Bankers who are directly or indirectly involved in servicing the clients.
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Expert Speaker
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Mr. K Parameswaran
Corporate Trainer & Advisor International Trade & Finance
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Day, Date & Time
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Wednesday, 28th June,2023
10:00 AM to 06:00 PM
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Venue:
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Hotel Fairfield Marriott, Ashram Rd,
Satyawadi Society, Usmanpura, Ahmedabad
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Participation Charges
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FREE
(Prior Registration Mandatory)
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Registration Link
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https://forms.gle/oukgwDphYeJwMaFi6
Please use this link to register
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Please note this is a free workshop but prior registration is mandatory. Therefore, please register yourself on above link. Only limited seats are available (One person per company) hence entry will be restricted only after our confirmation.
For any other details or query please feel free to contact Mr. Sunmeetsingh Brar on Ph: +91-79-26650223; 26651224 and Email: rd.ahd@chemexcil.in & roahmedabad@chemexcil.in on or before 26th June, 2023.
Looking forward to your participation in this webinar.
Yours faithfully,
Prafulla Walhe
Dy. Director
CHEMEXCIL
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