Export and Import through L/C
Among
numerous payment methods available to buyers and sellers in international
trade, operation by way of Letter of Credit / LC is the most widely accepted
and practiced alternative. But why?
Why to choose Letter of Credit /LC as the payment vehicle?
What does `UCPDC` stand for?
How does Letter of Credit /LC function?
International trade calls for proper understanding and in depth knowledge of
various technical aspects of Letter of Credit. To learn these theoretical basis
and many other practical details regarding Exports & Imports through Letter
of Credit / LC from experience of professional executive, Bdjobs.com invites
you to the workshop on `Letter of Credits/ LC in Exports/Imports` operation.
Contents
of Training:
Session –
1
International Trade: An Overview
Trade Payment Methods Commonly used in International Trade:
Cash in advance; Open account; On Consignment; Collection; Documentary Credit
(also known as Letter of Credit)
International Sales
Imports & Exports under Contract Procedure
Documentary Draft Transaction
URC (ICC Publication No.522 ): An Overview
Session – 2
UCPDC (ICC Publication No.600): An Overview
Introducing Letter of Credit:
Definition of Documentary Credit /other definitions included in UCPDC Article
-2
Parties involved in Documentary Credit Operation:
Applicant; Beneficiary; L/C Issuing Bank; Advising Bank; Nominated Bank;
Confirming Bank; Negotiating bank; Claiming Bank; Reimbursing Bank
Session – 3
Types of Letter of Credit:
Sight Payment Credit; Acceptance Credit; Deferred Payment Credit; Negotiation
Credit; Unconfirmed Letter of Credit, Confirmed Letter of Credit; With Recourse
Credit, Without Recourse Credit; Transferable Credit, Back to Back Letter of
Credit; Standby Letter of Credit, Revolving Credit
Practical Exercise on L/C:
Familiarizing with Forms/Documents that are necessary for opening L/C (such as,
L/C Application Form; LCA Form; IMP Form; Proforma Invoice (PI)/Indent;
Insurance Cover Note/Policy and, any other forms/documents, if required, as per
Import Policy Order (IPO) and their uses/ implications.
Session – 4
Practical Exercise on L/C (Continued ….. )
Case Studies
Job Description / Responsibility
- A leading joint venture
company involved in manufacturing of woven garments and currently working
with top US /
- The candidate must have excellent practical knowledge on all Merchandising activities .
- Taking complete responsibilities of their styles / orders from Fabric & trims Imports till the garment shipments.
- He has to lead a team of JR. Merchandisers within the factory and previous working experience with foreign staff in a JV or Foreign Company will be an added advantage.
xperience Requirements
- 5 to 10 year(s)
- The applicants should have
experience in the following area(s):
Fashion Designing, Floor/Line Management, Production Management (Cutting), Production Management (Dying & Finishing), Production Management (Finishing), Production Management (Knitting & Weaving), Production Management (Sewing), Production Management (Spinning), Production Management (Washing), Quality Control/Audit - The applicants should have
experience in the following business area(s):
Garments (Woven/Apparel/Knitting) - Age 25 to 45 year(s)
- Fluent in English and Bengali
- Business orientation and commercial mind-set
- Good product knowledge of garments, garment production and processes
- Capable of managing and achieving tight deadline
- Good computer literacy, good skills in MS Office
- Good moral values and ethical commitment
- Ability to work under pressure
- Clear thinking and ability to work both independently and part of a team.
- Minimum 10 year(s)
- The applicants should have
experience in the following area(s):
Compliance, Inspection, Merchandising, Production, Quality Control/Audit
Additional Job Requirements
- Age 30 to 40 year(s)
- The applicants should have experience in the following area(s):Merchandising, Sampling & Production
- The applicants should have experience in the following business area(s): Buying House (Woven), Garments manufacturing/ Exporter (Woven).
- Must have a strong merchandising background with minimum 5 years experiences as a merchandising manager.
- Good communication skill in both English & Bengali and international skills with leadership ability.
- Proficiency in Computer Knowledge and International correspondence using Internet.
- Must have the experience to work in woven bottom (mainly jeans) from leading garments factories.
dditional Job Requirements
- Complete knowledge on apparel costing and consumption.
- Excellent Follow up skills essential to make sure that goods are delivered on time with quality.
- Capable to work both as a team and independently.
- Capable of managing and achieving business orders.
- Capable of multitasking and able to handle pressures.
- Well connected with factories and basic knowledge on compliance issues.
- Excellent communication skills (English compulsory).
- Extensive computer skills.
