Virtual Session on International Trade Finance: Letter of Credit and Methods of Payment

Virtual Session on International Trade Finance: Letter of Credit and Methods of Payment

July 21, 2022

Virtual Session on International Trade Finance: Letter of Credit and Methods of Payment

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960 960 people viewed this event.

Context :

One of the most important considerations when it comes to international trade is how you are going to get paid for your exports. While relying on cash up front may eliminate the risk of non-payment, it limits your universe of potential customers as it can cause cash flow and other problems for buyers.

Letters of Credit are one of the most secure payment instruments available. They are recommended for use in higher-risk situations, when the importer’s credit is unacceptable or not available, when dealing with a new or less-established trade relationship or when extended payment terms are requested.

As a trade finance tool, Letters of Credit are designed to protect both exporters and importers. They can help you win business with new clients in foreign markets. This means the exporter gets a guarantee of payment while offering the importer reasonable payment terms.

This session intends to cover all the major aspects of Letter of Credit and methods of payment.

What will this session cover ?

  • Introduction to Documentary Credits
  • Rules, practices and articles
  • Basic Documentary Credits Transaction Flow
  • Confirmation of Documentary Credits
  • Transferable Credits
  • Back to Back Credits
  • Silent Confirmation
  • Assignment of proceeds
  • Discounting under Letter of Credit (Domestic/Exports)
  • Supplier’s Credit

Speaker Profile :

Ms. Swati Panji is an ex- Banker with more than 2 decades of experience, of which more than a decade one of the largest private sector banks in and as Trade Finance & Structured products Advisory role. She has a proven track record in managing portfolios of Large Corporate /Multinational Companies and SMEs for their Trade Finance and Cash Management (CMS) solution. Presently she is running a Trade Finance consultancy.

Mr. Krishnendu Das is currently the Subject Matter Expert in the field of Trade in ICICI Bank. He has more than 15 years of experience in Trade & Treasury, of which, the last 8 years have been with ICICI.

Proposed Program :

2.30 pm to 2.35 pm Opening Remarks and Welcome Address
Mr. Anil Radhakrishnan, Chairman, Shipping & Logistics Committee
Member – Board of the Bombay Chamber
2.35 pm to 4.35 pm Types of letter of credit, discrepancy, finance facility and documentation
Ms. Swati Panji – Trade Finance Consultant
4.35 pm to 5.05 pm Understanding Letter of Credit from a bank’s perspective
Mr. Krishnendu Das, Subject Matter Expert – Trade, ICICI Bank
5.05 pm to 5.25 pm Q&A
5.25 pm to 5.30 pm Summary and Vote of Thanks
Mr. Sandeep Khosla, DG, BCCI

Participation Fee :

Members Rs. 500 + 18% GST
Non-Members Rs. 750 + 18% GST
Bank Details for NEFT
Account No. 10996680930
IFSC CODE SBIN0000300
Bank Name State Bank of India
Branch Address Mumbai Main Branch

Payment through UPI : bombaychamber@sbi

Knowledge Partner :

ICICI Logo

Contact Details :

Mr. Tanmay Shewale
Email : tanmay.shewale@bombaychamber.com
Mob : +91 9702000628

Mr. Siddhesh Pawar
Email : siddhesh.pawar@bombaychamber.com
Mob : +91 8655965522

For any trade queries or partnerships contact :

Mr. Pravin Rane
Email : pravin.rane@bombaychamber.com
Tel : 022-61200219 / +91 9594971479

Additional Details

Event Fees Type - Paid Event

Event or Seminar - workshop

Event registration closed.
 

Date And Time

August 05, 2022 02:30 PM to
August 05, 2022 05:30 PM
 

Registration End Date

August 04, 2022
 
Paid Event
 
Online Event
 
Workshop
 

Committee

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