Letters of Credit (LC) Operations & Compliance Practical Techniques to Minimise Risk and Improve Collections

07 Apr, 2026, Remote Online Training - Public

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TAN KOK TEE
DBA, MBA-Finance, FAIA, MIPA, MCCS, ACTIM,
International Accountant (UK),
Public Accountant (Aust.)
Certified Company Secretary.
HRDF Certified Trainer
Registered GST Agent.

 

MR. TAN KOK TEE has 40 years of working experience in Accounts & Financial, Strategic and General Management field. He has held a variety of leadership and senior management roles in various organizations, starting in the Accounts & Finance Department until CFO level and the last being Group Chief Executive Officer. More than half of these times were spent in the Manufacturing, Marketing & Distribution and Services organizations.

 

He is a Fellow member of the Association of International Accountants, UK; Member of the Institute of Public Accountants, Aust.; Certified Commercial Accountant, (M); Member of the Chartered Tax Institute of Malaysia; Member of the Malaysia Associations of Company Secretaries (M) and a Gold Mastery Holder in Reinventing Strategic Planning and Management from the Haines Centre for Strategic Management, sponsored by University of San Diego, USA.

 

He is also a Certified Trainer with PMSB’s (HRDF) Train The Trainer Certificate since 2009, a GST Agent registered with MOF & Holder of the GST MyGCAP certificate from RMCD and a Life Member of the Malaysian Institute of Directors.

 

Mr. Tan has been involved in Advisory, Training and Facilitation since beginning 2009. To-date he has conducted about 400 training workshops throughout Malaysia on topics on Budgeting & Cashflow Planning; GST; SST; Practical Accounting for Accounting Staffs; Reading, Analyzing and Interpreting Financial Statement; Accounting and Finance for Non-Finance Managers; Customers Credit Evaluations and Collection Strategies; Incoterms, LC Operations and Trade Financing; Reinventing the Strategic Planning and Management and Financial Statement Hands On Application to MBRS, for both in-house as well as public.

 

Among the organizations that Tan Kok Tee has been providing training for, include Government Authorities, Chamber of Commerce, Government Link Companies, Banks, Malaysian Institute of Accountants, Chartered Institute of Management Accountants, CPA Australia, Malaysian Institute of Chartered Secretaries and Administrators, Selangor State Human Resource Development Centre (SHRDC), Negeri Sembilan State Skills Development Centre (NSSDC), Penang Skill Development Centre (PSDC), NGOs and many others public training providers.

 

His other clients include Shin Yang Group, MIRI, Bintulu Port, Deleum Bhd., Boustead Plantation Bhd., Takahata, FBK Manufacturing, Brothers Industries, Integrated Logistics, Mega Logistics, Chung Hwa Picture Tubes, Ohara Melaka, Safran Aerospace, NEC Corp. of Malaysia, Kobe Precisions, Tecktronic & Sons Holdings, Julie’s Biscuits, Ornapaper Melaka, Sunway University, Sime Darby Properties, Lion Group and many more.

 

To-date Mr. Tan has trained more than 15,000 Executives. He combines a wide range of practical and hands-on training experience in lively and challenging interactive training sessions.

 

Venue Details

Remote Online Training - Public

Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@ipa.com.my

ADDRESS 
A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my

FOCUSING ON
LC OPERATIONS
• Understanding the purpose and types of LC and its terms under SWIFT Code format
• Documents in LC terms
• Handling shipments under LC to Trade Embargo or Sanction countries
• TT Reimbursement Allowed clause in the LC filed 47A, UCP 600
• Tips to Comply LC terms and Minimize Collection Risk

PLUS:
Case Study Analysis and Group Hands on Exercise and Presentation

OBJECTIVES

International trade is a risky business as it faces Credit, World Economy, Country and Political Risk. Traders will have to ensure that payment from overseas customers can be affected when it is due under these kinds of risk environment. Importers also got to ensure that they are able to secure their deliveries on their purchase timely.

Hence the use Letter of Credit (L/C) to mitigate these risks is an essential part of the international trade for both export and import.

Therefore, with a good Understanding of the Essentials Operations of Letters of Credit, the uses, mechanics and risks and its deadlines, documentations & terms and conditions will increase your ability in your collections from your export sales, while importers can also ensure of getting the right supplies timely.

The course is highly interactive and practical.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. Understanding Different Types Of LC And Its Terms Under The SWIFT Code And UCP 600 Terms.
  2. Understanding The Detailed Procedures On How An L/C Works.
  3. Organizing How To Avoid Making Mistakes To Save Time & Costs And Improving Export Sales Collections.
  4. Learning how Importers Can Organize The LC Terms To Ensure Getting The Imported Goods Timely.
  5. Initiating Compliance Of LC Terms And Conditions And The Most Practical INCOTERMS 2020 To Be Used
    In Along The Supply Chain.
WHO SHOULD ATTEND
All Levels Of Staff Involved In;
• Accounting and Finance
• Credit Analysis, Credit Control, Collections
• Internal and External Audit
• Import and Export
• Customer Service
• Shipping and Logistics
• Entrepreneurs, and
• Any other personnel who want to have insight knowledge of Incoterms 2020.
METHODOLOGY
  • Interactive Lectures and Facilitations
  • Short Cases Studies and Group Exercise
  • Q & A
COURSE CONTENT
9:00

LC OPERATIONS

  • Understanding the purpose and types of LC and its terms under SWIFT Code format.
    - What is an LC and its purpose in
    international trade?
    - Different types of LCs:
    o Revocable Vs. Irrevocable.
    o Seller’s right under irrevocable
    o Non-confirm Vs. Confirmed LCs:
    - Open Confirmation
    - Close Confirmation
    o Sight and Usuance LC
    o UPAS LC
    o Back-to-Back LC Vs. Transferable LC
    o Red Clause LC Vs. Packing Credit
    o Green Clause LC
    o Standby LC vs. Bank Guarantee
    o Revolving Credit LC
    - Does LC provide full security for payment from customers?
    - Parties to LC in practice
    - How is LC operated in serving its purpose?


10.45
  • Documents in LC terms:
    - Invoice, Packing List
    - Bill of Ladings:
    o Normal individual shipment BL
    o House / Forwarder BL
    o Chartered BL
    o Combined transport BL
    o Delivery documentary evidence under EXW and FAS incoterm
    o Clean on Board BL
    o Clause BL
    - Consignee in the BL under payment term:
    o Confirmed LC
    o Unconfirmed LC
    o Revocable Credit
    o Advance Payment Received
    o Document under collection
    o Open Account
    - Airway Bill:
    o its risk to shipper and overcoming such risk.
    - Shipping Guarantees
1:00 Lunch
2:00
  • Handling shipments under LC to Trade Embargo or Sanction countries
  • TT Reimbursement Allowed clause in the LC filed 47A, UCP 600.
  • Tips to Comply LC terms and Minimize Collection Risk
    - Understand the LC required terms under UCP 600
    - Practical actions to ensure compliance of
    all the terms stated in a LC
    - Interpretation of the LC terms on dates as outlined in UCP 600
    - Handling discrepancies and Collection
    risk for non-compliance of LC terms
    and conditions

Case Study Analysis and Group Hands on Exercise and presentation

5:00 End of Course