Receiving Payment and Using Letters of Credit
Reduce Payment Risk, Avoid L/C Discrepancies & Protect Cash Flow — Manage International Payments with More Confidence
Practical payment training covering international payment methods, documentary collections and Letters of Credit — so you can choose the right payment structure, prepare compliant documents and reduce the risk of delayed or lost payment.
Format: Live, interactive online training via Zoom, with Q&A and practical exercises
Duration: Two course options available — Full day (9:30am to 3:30pm) or Half day (9:30am to 12:30pm, afternoon slot available)
Half day: £195 + VAT per delegate | Full day: £320 + VAT per delegate
Includes course materials and 30 minutes of free Helpdesk time for follow-up questions after the session.
Contact us for group or bespoke training pricing.
- Outcome-led: Leave able to choose and manage international payment methods more confidently
- Risk reduction: Reduce payment delays, L/C discrepancies and avoidable documentary errors
- Support available: Training and practical support on trade finance documents and payment processes
Why This Payment and L/C Course Matters Now
In international trade, getting the sale is not enough — the business also needs to get paid in full and on time. The wrong payment method or poorly prepared documents can expose exporters and importers to delay, non-payment, cash-flow pressure and avoidable banking problems. This course helps teams understand the risk ladder across the main payment methods and, for Letters of Credit, how to manage the process accurately so documents are right first time.
What You Will Learn
- Understand the main international payment methods, their risks, and the impact of foreign currency
- Identify documentation and costs to consider when quoting
- Explain the pros and cons of Advance Payment, Open Account, Documentary Collection, and Letters of Credit
- Describe D/P and D/A collection processes, including how Bills of Exchange work
- Understand what a Letter of Credit is, how it works, and how to manage it successfully
- Recognise different types of L/Cs and when to use them
- Apply Incoterms® in the context of L/Cs and payment documentation
- Take part in a practical exercise to apply your learning
Need Practical Support?
If you would prefer expert support alongside payment and Letters of Credit training, these are the most relevant next steps:
- Letters of Credit — practical support managing L/Cs, checking terms and preparing compliant documents
- Help Desk — support for trade finance queries, documents and payment problems
- Outsourced Shipping Department — extra operational support where shipping documents and payment terms need tighter control
Not sure which route is best? Talk to a Trade Finance Specialist.
Recommended Next Steps
Other courses to help you on your journey:
Frequently Asked Questions
What does the Letters of Credit and receiving payment course cover?
This course explains the main international payment methods, their risks and benefits, and how to manage Letters of Credit accurately so documents are compliant and payment is secure.
Are there different course versions available?
Yes. The course is offered in both a half-day and a full-day version, with the full-day course covering all payment methods plus a deeper practical focus on Letters of Credit.
Can this course be delivered privately for our team?
Yes. Contact us for group or bespoke pricing and we’ll recommend the most effective format for your team.
What is a Letter of Credit?
A Letter of Credit is a trade finance instrument used to help secure payment in international trade, provided the exporter presents compliant documents in line with the credit terms.
What are common causes of L/C discrepancies?
Discrepancies often arise when documents do not match the credit terms precisely, when dates are missed, or when document wording and presentation requirements are not followed correctly.
What is the difference between D/P and D/A?
D/P and D/A are documentary collection methods. D/P normally requires payment before documents are released, while D/A allows documents to be released against acceptance of a bill of exchange.
How do Incoterms® affect payment documents?
Incoterms® can affect what transport, insurance and commercial documents are needed and how responsibilities are structured under a sale, which is especially important in trade finance documentation.
Will this course help reduce payment delays and losses?
Yes. The course helps businesses choose the right payment method, manage Letters of Credit more accurately and reduce avoidable documentary problems.
“Using Exporter Services then allowed us the ability to easily process letters of credit as well as providing staff cover and export expertise when required. The team are flexible and helpful as well as being experts in their field… I would not hesitate in recommending Exporter Services.”
Booking Options
Whether your organisation can book instantly or needs to follow a formal approval route, the process is simple and transparent.
Option 1 — Book & Pay Now
- Secure your place instantly by card payment via our Book Now button
- Receive a confirmation email immediately
- Shortly before the course, we’ll send your handout and Zoom link
Option 2 — Request an Invoice
- Request a quote using the form at the bottom of the page for the number of delegates attending
- Once you confirm, we’ll issue an invoice for immediate payment
- On payment, your place is secured and we’ll send your handout and Zoom link before the session
Download our latest training brochure here.
Ready to get started?
Book now or request a quote using the form below.
£195 + VAT per delegate
Half day (09:30–12:30 or 13:30-16:30)
£320 + VAT per delegate
Full day
Live online via Zoom. Includes course materials + 30 mins Helpdesk follow-up.