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