Overview / Is this course right for me?
This course is suitable for those working in international trade and have been asked to get involved in the management and presentation of letters of credit.
The course provides an overview of all methods of payment when trading internationally to include the risks and benefits involved. It will then concentrate on the Letter of Credit aspect guiding you through the rules of managing a letter of credit, making sure documents are compliant and payment is successful.
Letters of credit will be available providing a ‘hands-on’ practical training session.
What is the Course Content?
- Foreign Currency Transaction Mitigation
- Methods of Payment – risks and benefits
- Advance Payment
- Documentary Collection
- Open Account
- Letter of Credit
- The Letter of Credit Process
- LC Types
- UCP 600 Rules
- Management and Presentation of the Letter of Credit
- Incoterms 2020
- Shipping Documents
- Best Practice for L/Cs – Hints and Tips
The course will run from 09:30 to 15:00 with morning and afternoon breaks and 45 minutes for lunch.
2021 dates available on request.
Cost and Booking
Please contact us to discuss pricing.