Part 13 - Incoterms and Letters of Credit

TFG heard from ICC Austria’s Trade Finance Week, in an update around Letters of Credit and Incoterms, the problems, challenges and opportunities. Featuring Bob Ronai and Hugo Verschoren.

https://www.tradefinanceglobal.com/posts/video-incoterms-2020-letters-of-credit/

In this video, the following topics are covered and discussed:

• Introduction – Incoterms Rules and Letters of Credit
• FCA, FAS & FOB – How not to get your goods stuck in the port!
• On Board Bills of Lading
• Can you use Incoterms Rules with Letters of Credit?
• Ex Works (EXW) and Letters of Credit
• Using FCA, CPT & CIP with Letters of Credit
• On Board Bills of Lading and Letters of Credit
• Can you use Letters of Credit in the D Rules?
• Letters of Credit and the UCP
• Does FCA work with a Letter of Credit?
• Will FCA and an Air Waybill work together?
• The F Rules (FAS, FOB, CFR & CIF) and Letters of Credit
• Case Study: LCs for purchasing coal – China / South Africa route using DAP
• Case Study: LCs for kitchenware shipments – Hamburg / Casablanca using FOB
• Finding out more about Incoterms Rules