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Contact: Thomas McLaughlin

Kean University Offers Workshop on International Letters of Credit and Commercial Terms

UNION, N.J. The Small Business Development Center of Kean University will offer a free workshop, titled International Letters of Credit and International Commercial Terms, on Wednesday, April 9, from 9:30 a.m. to 12:30 p.m. at PNC Bank, located at 202 Park Avenue in Plainfield, N.J. Ample parking is located behind the bank on West Second Street.

This workshop, conducted by Roger S. Cohen, president of Cohen International in Old Tappan, N.J., and lead international trade consultant for the New Jersey Small Business Development Centers (NJSBDC), will provide instruction on international letters of credit and Incoterms. Students will learn how to get paid by letters of credit and how to transfer risk by use of International Commercial Terms. Among the topics covered will be an overview of importing and exporting, international marketing and sales methods and various aspects of international banking and financing. In addition, it will discuss the working definitions of trade terms (Incoterms), calculating prices, insuring of overseas receivables and obtaining export working capital guaranteed loans.

Special arrangements for people with disabilities can be made upon request. Be sure to bring business cards and brochures for networking purposes. For further information or to register for the workshop, please contact Mira Kostak at (908) 737-4220.