|SESSION ON “DIFFERENT MODES OF PAYMENT IN INTERNATIONAL TRADE WITH SPECIAL FOCUS ON LETTER OF CREDIT & ITS DISCREPANCIES”
|21ST SEPTEMBER 2022 (WEDNESDAY)
|3:00 – 5:00 P.M. (FOLLOWED BY HI-TEA)
|FIEO CONFERENCE ROOM, JAIN HEIGHTS-SOLUS, UNIT NO. C-06, 6TH FLOOR, 1ST CROSS, NO.2, J C ROAD, BANGALORE – 560 002 (LANDMARK: OPP. POORNIMA THEATRE)
|TO REGISTER ONLINE CLICK HERE
PRE REGISTRATION IS MANDATORY
To succeed in today’s global marketplace and win sales against foreign competitors, exporters must offer their customers attractive sales terms supported by the appropriate payment methods. Because getting paid in full and on time is the ultimate goal for each export sale, an appropriate payment method must be chosen carefully to minimize the payment risk while also accommodating the needs of the buyer. There are five primary methods of payment in international trade that range from most to least secure: cash in advance, letter of credit, documentary collection or draft, open account and consignment. Apart from cash in advance, Letter of Credit (L/C) is the second most safest method but the L/C payment guarantee is conditional upon specified documents being provided by a given date. A L/C becomes discrepant if the exporter fails to meet the deadline or provides documents that do not match what is specified. Each failure is called a discrepancy.
To know more about the mode of payments, Letter of Credit and its discrepancies, we are pleased to inform you that FIEO Karnataka Chapter is organising a Session on the subject in association with Punjab National Bank as per the details above. Meeting Followed by Hi-Tea.
The topics covered are:-
- Different modes of Payment
- Introduction to Letter of Credit
- Types of Letter of Credit
- Important Articles of UCPDC
- Understanding INCOTERMS
Senior officials from Punjab National Bank will take the session.
In case you need to contact us, you may call us at 080-22214854/4855; Mobile: 9830171783/9620139602. Pre-registration is mandatory.
Look forward to receive your early confirmation.
- DIRECTOR GENERAL
|Name & Designation
Federation of Indian Export Organisations (FIEO)
(Set up by Ministry of Commerce, Govt Of India)
Jain Heights (Solus), Unit No. C-06, 6th Floor,
No.2, 1st Cross, JC Road, Near Poornima Theatre,
Bangalore – 560 002
PH: 080-22214854 / 55
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All India Toll Free Export Helpline No.: 1800-121-9000