Mr. Sajed Khan MBA
TU, USA
RMG Specialist
Advisory Director & Consultant
OneWorld InfoTech

Training Overviews:

Letter of Credit (L/C) is an universal tool for international business as such any body related to such business need to have clear idea about L/C, their terms, bindings, defects and risk. Garments business is totally dependent on L/C except few exception which is handled by Contract, but the contract also utilized for BB L/C. All people like Merchandiser, Commercial people, Account and Management People must have clear concept of LC so that it become easy for every body work as per terms and condition of L/C to  safe guard the business. Not understanding Terms and Risk of L/C may lead to a disaster for any company/industry.

In this Whole Day Workshop a clear idea will be given on all types of L/C and other related Documents, Papers, Rules, Regulation, Defects and Risk of L/C.

Training Contents:

• Introduction to Global Garments Business
• Who all are involve in Garments Business & it's Chain
• Role of National and International banks in Garments Business
• What is Letter of Credit (L/C) & the types of L/C
  --- Documentary Revocable L/C (Letter of Credit)
  --- Irrevocable L/C (Letter of Credit)
  --- Unconfirmed Credit & Confirmed Credit
  --- Standby L/C & Special L/C
  --- Back to Back Letter of Credit (BB L/C)
  --- Deferred Payment (Usance) L/C
  --- Red Clause L/C & Revolving L/C
  --- TransferableL/C & Assignment of Proceeds

• Elements of Letter of Credit
• Understanding by Beneficiary, Issuing Bank, Advising Bank and Confirming Bank
• Characteristics of Letter of Credit
  --- Negotiability
  --- Revocability
  ---Transfer and Assignment
  --- Sight and Time Drafts
  --- Standby Letter of Credit
• Basic Procedure for Establishing a Letter of Credit
• How to Open a Letter of Credit
• Step by Step Procedure for Using the Letter of Credit

• What all are the Standard Forms of Documentation
  --- Commercial Invoice & Bill of Lading
  --- Warranty of Title & Letter of Indemnity
  --- Bill of Exchange & Bank Commission
  --- Balloon Repayment, Bank Draft & Bank Guarantee
  --- Bank Note, Bearer Mortgage Note, Bearer Security, Beggar-my-neighbour Policy & Terms in L/C
• Common defects in Documentation & Common Problems with Letter of Credit
• Essential Tips for Exporter & How LC Works in Garments Business?
• General documents require to ship-out the garments and release the payment from the bank & checking before accepting any LC from any party to effect any shipment

Mr. Sajed Khan MBA, TU, USA
RMG Specialist
Advisory Director & Consultant
OneWorld InfoTech

Mr. Sajed Khan, Advisory Director & Consultant of OneWorld InfoTech (Datatex, Italy), is the lecturer of BIFT (BGMEA Institute of Fashion and Technology) where he delivers lecture regularly as guest speaker to the students of MBA, Hons, Diploma and Certificate Courses. The major areas of his subject are: Tools and Techniques for Merchandiser, Knit Garments Consumption and Costing, Woven Garments Consumption and Costing, Production Planning and Control, Preparation of Time & Action Calendar and Gantt Chart, Work Study and Time Study, Merchandising and the Role of Merchandiser in Garments Business, Supply Chain Management in Garments Business, Sample Management. He also impart lessons on activities of Buying House, Local Agent, Whole Seller and Retailer, What is Master L/C, Back to Back L/C, FOB Garments Price, C&F Garments Price and CIF Garments Prices and their impact and implication in Garments Business, Factory Compliance and COC, the Universal Code of Ethical Conduct and How to prepare a Factory for Compliance Audit including CTPAT etc etc.

He has a long track of service record in garments, he served in Opex Group as Executive Director and Head of the Merchandising Department of Levi's Account, at Sunman Group of Companies as Director Merchandising, Planning and Production, at Delta Group of Industries (where he used to look after the total operation of Knitting, Dyeing, Garments, Printing, Embroidery, Planning, Commercial and Finance) as Executive Director, at Harvest Rich as Production and Project Director, lastly he served at Doel Group as Director Marketing, Merchandising, Planning and Production.

Mr. Sajed Khan also delivers lecture at NIFT, CFTM and as Guest Speaker on various subjects of garments. He is also a Course Qualified in Pattern Construction and Pattern Grading, Garments Quality Control Management. Besides his professional career, he is an MBA From Trinity University, Delware, USA.