Ohio DEC - A Gateway for Ohio Companies and Export Businesses


The Ohio District Export Councils created this website to give export companies an all-inclusive resource for international trade events in the Ohio and Northern Kentucky regions. This calendar contains training opportunities, geo-political events, and networking opportunities for not only Ohio companies, but those in the Northern Kentucky region, as well. We welcome you to our website and encourage your participation in the listed events.

International Trade Events Calendar

Location Event Color Legend

Northern OH

Northern KY

Southern OH

Outside Ohio

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International Letters of Credit Seminar

Event Start Date: 5/16/2017 8:30 AM

Event End Date: 5/16/2017 4:00 PM

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Coming to Cleveland, OH



May 16, 2017

Cost:  $595.00 ($50 discount if paid 30 days in advance)

For more information and to register go here:  International Letters of Credit - Cleveland

I. INTRODUCTION/THE PAYMENT DECISION

  • Decision Making and Payment Methods
  • Risk to International Trade Payment
  • Traditional Payment Methods

II. LETTERS OF CREDIT AS METHOD OF PAYMENT

  • Parties to the Letter of Credit
  • Payments under Letters of Credit
  • Costs and Benefits
  • Types of Letters of Credit

III. LETTERS OF CREDIT PROCEDURE

  • Quotation
  • Instructions for the Letters of Credit
  • Checklist for Letters of Credit
  • Document Preparation and Presentation
  • Discrepancies

IV. TYPES OF LETTERS OF CREDIT

  • Revocable or Irrevocable
  • Confirmed and Unconfirmed
  • Restricted Letter of Credit

V. SPECIAL TYPES OF LETTERS OF CREDIT

  • Variations You Will See
  • Revolving - Standby - Transferable
  • Red Clause, Green Clause
  • Time Drafts and Bankers Acceptances

VI. UNIFORM CUSTOMS AND PRACTICE 600 & COMMENTARY AND ISBP

  • International Standard Banking Practices (ISBP)
  • Commentary on the UCC of the United States
  • NOTE: Discussion on UCP 600

VII. EXPORT TRANSACTION REVIEW

  • Amendment to the Letter of Credit
  • Checklists
  • Documents Checklists (Commercial Invoice, Bill of Lading, Packing List, Insurance, etc.)
  • Letter of Transmittal to Bank

VIII. IMPORT LETTERS OF CREDIT

  • Parties Agree to Letter Of Credit as Payment Method
  • Buyer Applies for Letter of Credit
  • Seller Receives and Accepts the Credit
  • Nominated Bank Review Documents
  • Issuing Bank Exchanges Documents for Payment
  • Importer Picks up Goods

IX. CASE STUDY ON AN EXPORT LETTER OF CREDIT

X. NON-TRADITIONAL PAYMENT METHODS

XI. RESOURCE SECTION



  
Ohio Trade Organizations
1

Here you can access various non-profit trade organizations that we like to promote and support. Please join us in supporting these various organizations. Please click here to access our list of Ohio International Trade Organizations

Documents and Information
Submit Your Company Or Event
3

Here you can submit your company's success story or your non-profit trade organization. Upon approval we'll post your information to the website.


About Us
About Us

Each DEC has approximately 30 members, at least half of whom are exporters. Members also include export trading or management company representatives; bankers; international lawyers and accountants; freight forwarders; and others whose profession supports the U.S. government’s export promotion mission.

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Get In touch
Get In touch

If you have any question please e-mail or call us without hesitation.

 

Penny Toschlog

Monday to Friday
Penny.Toschlog@trade.gov
513-684-2944

Todd Hiser

Monday to Friday
Todd.Hiser@trade.gov
216-522-4756