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International Trade Workshop: Incoterms® 2010 & Letters of Credit

South Dakota International Trade Center

Tuesday, August 20, 2013 from 8:00 AM to 4:30 PM (CDT)

Sioux Falls, SD

International Trade Workshop: Incoterms® 2010 &...

Ticket Information

Ticket Type Sales End Price Fee Quantity
Incoterms® 2010 on site (8:00 AM - 12:00 PM CDT)   more info Ended $75.00 $0.00
Letters of Credit on site (12:45 PM - 4:30 PM CDT)   more info Ended $75.00 $0.00
Incoterms® 2010 webinar (8:00 AM - 12:00 PM CDT)   more info Ended $65.00 $0.00
Letters of Credit webinar (12:45 PM - 4:30 PM CDT)   more info Ended $65.00 $0.00

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Event Details

South Dakota's International Trade Center will be hosting Roy Becker, a leading expert in international trade and banking and author of the book More Banker's Insights on International Trade, 101 Lessons Based on Practical Experience, noted by its reviewers for being a "suprisingly entertaining" and practical guide to the realities of international trade. Roy will be presenting two separate seminars: a morning presentation covering the fundamentals and intricate details of Incoterms® 2010 and an afternoon presentation providing an in-depth review of the uses and structure of letters of credit and how to manage associated costs. Both seminars are also available in webinar format.
  
Roy has dedicated the majority of his corporate career to working in the international departments of several major banking institutions. Through these experiences Roy has worked extensively with importers and exporters, providing consultation on the intricate banking needs associated with international trade. Companies of all sizes and structures have hired Roy to help them reduce risk and improve cash flow for their international transactions.
  
Roy currently serves as adjunct faculty in the International MBA programs at the University of Denver and the University of Colorado Denver. He is a frequent speaker and facilitator at workshops and seminars at the World Trade Center Denver. He is also a member of the Toastmasters International and is distinguished with the Advanced Toastmaster Gold Award. With over three decades of experience in international trade and banking, Roy brings the benefit of extensive experience and knowledge in two core subjects that any company expecting to conduct international trade must have a sound understanding of. Seating is limited so register today!

Schedule:

8:00 AM - 12:00 PM: Incoterms® 2010
12:00 PM - 12:45 PM: Lunch/Intermission
12:45 PM - 4:30 PM: Letters of Credit
 
Incoterms® 2010 agenda:
  • Importance of sales terms
  • Key definitions
  • The proforma invoice
  • Incoterms® 2010: what they are and are not, what they do and do not do
  • UCC terms: what they are and are not, what they do and do not do
  • Incoterms® 2010 grouping
  • Incoterms® 2010 one at a time
  • Incoterms® 2010 summary grid

 

 

Letters of Credit agenda:

  • What are the financial risks of exporting?
  • The contract (proforma invoice and purchase order)
  • Understanding the risks of the four terms of trade
  • Factors to consider before setting payment terms
  • Collections (sight and time)
  • What is a letter of credit and how does it work?
  • Review a sample letter of credit
  • The role of Incoterms® 2010
  • Review of the rules
  • Review of key commercial shipping documents
  • Assignments, transfers
  • Time drafts drawn on letters of credit
  • Amendments, confirmation, and costs
  • What to do about discrepancies
  • Standby letters of credit
  • Boycotts
  • TMIT: instructions to the buyer for establishing a letter of credit
 
 
 
Have questions about International Trade Workshop: Incoterms® 2010 & Letters of Credit? Contact South Dakota International Trade Center

When & Where


University Center
4801 North Career Avenue
#245
Sioux Falls, SD 57107

Tuesday, August 20, 2013 from 8:00 AM to 4:30 PM (CDT)


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