Receiving Payment & Using Letters of Credit

• Methods of Payment & the Risk Ladder
• Documentation & extra costs
• Review of payment and risks relating to:
  • Advance Payment
  • Documentary Collections
  • Open Account
  • Letters of Credit
• What a Letter of Credit is and how it works
• Opening and drafting an L/C
• Formatting, Incoterms®, and insurance
• The Letter of Credit process
• Important “need-to-knows”

You’ll leave with the knowledge and tools to choose the right payment method, manage Letters of Credit accurately, and avoid payment delays or losses.