Shippers’ Academy Colombo to hold online session on LCs

One of the key documents in international payments for cross border trade is Letters of Credit (LCs). The document that is generally transmitted through the banking system is a risk mitigation by most exporters and governments when transacting high value large international shipments. It is a methodology of payments fulfilment when documentary aspects are considered in line with the agreements between buyers and sellers transmitted through a banking system, commonly known as the UCP 600.

This workshop is intended to give a general understanding to exporters and importers and traders along with service providers to get a basic knowledge of the following areas: What is a letter of credit and its importance? Features and characteristics and documents required; How it works, the process, examples, sample format and type of LCs, etc.

The program will be conducted by Shippers’ Academy Colombo/Shippers’ Academy International CEO Rohan Masakorala on Saturday 12 February from 9 a.m. to 12 p.m. Those interested can contact +94773820703 (on WhatsApp only) or email: [email protected] or [email protected]. Website: www.shippersacademy.lk.