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LC Series—Putting It All Together for Letters of Credit Success


Tue, November 16, 2021, 11:00


 General Information

 Cost:    Each    6-Pack
FCIB Members:    $95    $350
Non-Members:    $195    $550

 Unlimited Webinar Purchasers will be able to participate as a part of their package.

Register Now

Understanding the Letter of Credit Process: What Every Exporter Needs to Know

Choosing the Right INCOTERMS for Letters of Credit: Why International Commercial Terms Matter and the Role They Play
Letter of Credit Documentation: How to Avoid Discrepancies

Roles and Responsibilities of Banks in the Payment Process

How to Use Letters of Credit as Financing Tools Putting It All Together for Letters of Credit Success

Registration Includes: One telephone and web connection at one physical location


US: 11:00am ET

About the Webinar

This six-part series, ideal for all international credit professionals, provides a comprehensive overview of export letters of credit. Veteran international banker, Chip Thomas, will provide you with an in-depth understanding of these valuable trade finance tools and the best practices, tools, and techniques required to use them with your customers.

 Topics that will be addressed during this webinar:

  • Overview Of The Letter Of Credit Process
    • Remember The 5 Key Elements
  • Understanding The Key Payment Terminology In Lcs
    • What Most People Don’t Know
  • Understanding The Important Role Of Drafts
    • A Key To LC Success
    • Importance Of Proper LC Structure
  • Why You Should Control ALL Dates And Documents
  • Know What You Want Before Negotiating With The Buyer
    • Know What To Give Up And What Not To
  • How Everything Should Work To Improve Cash Flow And Reduce Risks!


About the Speaker

thumbnail DSC 6210 EditRichard “Chip” Thomas, General Manager, American Export Training Institute, West Chester, PA

During his banking career, Chip Thomas developed a skill in training and was responsible for international product and service training for Mellon Bank’s customers and employees. He left banking in early 1995 to pursue his interest in training by helping to establish the American Export Training Institute (AETI), which provides practical training in export finance to corporations and financial institutions throughout the U.S. and Canada. Chip is co-author of the Trade Finance Handbook, Thomson, 2005. The book is targeted to small and mid-size companies interested in how to effectively enter the international trade arena.

Chip’s interest in international affairs and cultures began in high school where he had the opportunity to finish his junior and senior years at a private school in Zimbabwe, Africa. He finished his B.A. from So. Illinois University in 1969, majoring in economics and history, and completed a master’s degree in 1975 from the Thunderbird Graduate School of International Management. After his undergraduate degree, Chip spent two and a half years working in Colombia, S.A., with the Peace Corps, followed by another two years in Colombia with the U.S. Information Agency (USIA).

Upon returning to the U.S. and completing his graduate studies, he entered a 22-year career in international banking, specializing in international trade and finance. This work led to extensive international travel, with a two-year assignment working and living in Mexico. Chip speaks fluent Spanish.


Webinar Access

Instructions to join the Webinar will be sent to the main registrant's email address the day before. Remember: Please log-in at least 15 minutes prior to the webinar commencing to ensure ample time for technical assistance if needed.