Transferable Letters of Credit for Export Financing

Instructor: John Dunlop 
Product ID: 702184
  • Duration: 90 Min

recorded version

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Last Recorded Date: Sep-2015

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Read Frequently Asked Questions

This 60-minute training will help exporters understand Transferable Letters of Credit and how to use them for financing the purchase goods from a supplier for shipment.

Why Should You Attend:

Companies that export products internationally can use Transferable Documentary Letters of Credit to finance the purchase of goods for shipment. The exporting company (1st beneficiary) of a letter of credit can “transfer” all or a portion of the credit to a second party or supplier (2nd beneficiary) for the purchase of goods and services. When the suppier ships the goods, the negotiating bank can replace the 2nd beneficiary’s invoice with the 1st beneficiary’s invoice for the full value of the letter of credit.

This 60-minute comprehensive training will help exporters understand Transferable Letters of Credit and how to use them for financing the purchase goods from a supplier for shipment.

Learning Objectives:

Attendees will learn how to use Transferable Letters of Credit to finance exports and what terms and conditions they must comply with for successful transactions.

Areas Covered in the Webinar:

  • What is a Transferable Letter of Credit, UCP Article 38.
  • How it is used for export financing.
  • What are the terms and conditions of a transferable LC.
  • How do I substitute my invoice for the higher amount.
  • How do I transfer a LC to a second party supplier.
  • What are the benefits of a transferable LC.
  • What are the risks of a transferable LC.
  • How confidential is the transferable LC.

Free Handout:

Attendees will get a complimentary copy of The First Internet Trade Transaction Manual for Global Commerce –, LLC.

Who Will Benefit:

This webinar will provide valuable assistance to all companies that export or import goods and need trade financing for the purchase of all or part of their goods from a second party.

  • Export trading companies that need financing.
  • Import companies that are asked to provide a Transferable Letter of Credit.
  • Freight Forwarding companies that must prepare negotiable documents for clients.
  • Bank staff involved with commercial bank trade finance services.

Instructor Profile:

John W. Dunlop, is CEO of, LLC. provides the eTrade Finance Platform as an open source web service for online eUCP Letter of Credit and trade finance transactions. The company also provides Documentary Letter of Credit Management services to assist exporters and importers in managing the letter of credit process from purchase order to final payment., LLC has been awarded an Export Achievement Certificate for accomplishments in the global marketplace by the US Commercial Service.

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Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

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