Challenges in International Payment System and Mastering Letters of Credits
Understanding various International Payment systems and hedging the risk associated there with has always been a challenge to the all parties dealing in International Business. Letters of credit are generally treated as the safest way of ensuring payment by the seller and receipt of goods by the buyer but in practice many times LCs has proved itself as an ineffective instrument to the seller as well as to the buyer mainly due to its faulty structure , vague terms and conditions , ignorance related to the governing rules / features of underlying documents , etc.
Nevertheless usage of LCs has increased manifold in the recent years mainly due to the current global uncertain environment which has pushed many players to this guaranteed payment system instead of dealing in open account trade.
To update and to discuss on all these issues ASSOCHAM , N.Delhi in academic partnership with JIMS Rohini, N.Delhi is conducting one day interactive workshop on Challenges in International Payment System and Mastering Letters of Credits .
JIMS Rohini N.Delhi was set up in 1993 as a registered non-profit organization as an institute of excellence in the field of management and IT to impart high quality professional education.
The programme will have a key note address by Sh. Ajay Sahai, Director General & CEO, Federation of India Export Organization ( set up by Ministry of Commerce , Government of India ) followed by technical sessions led by Mr. Ashok Bhagat, Ex. VP, Societe Generale, ICC India nominee for ICC Banking Commission Paris –India Chapter & Ex-Officio Member ICC INDIA Executive Committee and Presently Dean -IB , JIMS, Rohini. Delhi
Venue & Program Duration:
47, Prithvi Raj Road(opposite Safdarjung tomb)
New Delhi- 110011
1 Day on Wednesday, 19th September, 2012 (10:00 AM to 5:00 PM)
- Exporters , Importers , Export/Trading Houses, Trading companies
- Managers working in Foreign Exchange Deptt of Banks
- Lawyers /Law Firms dealing in International Trade disputes.
- Practitioners / Consultants in International Trade
- Various Payment systems and related Risks
- Structuring Letters of Credit as per business need
- Knowledge of various ICC Rules viz UCP, URC etc
- Various Financing options / products
- Avalisation, Factoring, Payment/Negotiation
- Guarantees, Standby Letters of Credit
- Related Products viz Delivery Order , LOI
- Trade Sanctions and Frauds
Rs. 3,000/- (including taxes) per delegate. (10% discount for two or more persons from the same organization and ASSOCHAM Members).
Payment Mode: Local cheque/demand draft drawn in favour of “ASSOCHAM” at New Delhi.
Contacts: email to firstname.lastname@example.org, email@example.com
Advance intimation may be conveyed to us through email to block the seats as the programe has limited seats and will be available on First come First Served basis.
The enclosed Registration Form be filled and sent to us along with the participation fee through a local cheque / demand draft drawn in favour of “ASSOCHAM” payable at New Delhi at the following address,
Click Here to Download The Registration Form
|Ms. Deepti Shokeen ||Jagan Institute of Management Studies|
3, Institutional Area, Sector-5, Rohini, Delhi-110085
Tel: +91-11-45184000, Ext-227
Direct Tel: +91-11-45184027