Methods of Payment & Letters of Credit
The Global Trade Outlook in February 2023 said, ‘UK exporters are well-placed to capitalize on an expanding global middle class’7. By importing and exporting many companies can increase their growth and profit margins. The team at Exporter Services are experts in international methods of payment and letters of credit and will show you how to succeed in your International Trade.
Who should attend?
This course is suitable for those working in International Trade who are involved in the management and presentation of Letters of Credit.
What will I learn?
The course provides an overview of all methods of payment when trading internationally including the risks and benefits involved. It then concentrates on Letters of Credit helping you examine and learn the rules of managing Letters of Credit, making sure documents are compliant and payment is successful.
Specifically, we cover:
- Methods of Payment Risk Ladder
- Review of Payment and Risks relating to
- Advance Payment
- Documentary Collections
- Documentation and costs
- Open Account
- Incoterms and Insurance
- Preparing a Draft Letter of Credit
- Advantages and Disadvantages
- Types of Letters of Credit
- Confirmation
- Preparing Documents for Presentation
- Foreign Currency
- Process of Payment
- Practical Session – Reading the Letter of Credit and checking documents
How will I learn?
This is a hands-on practical course designed to give you the expert knowledge you need to run your international trade smoothly.
Time?
A full day engaging course from 9.30am to 3.30pm.
Learn from the Experts
Exporter Services has been empowering businesses to import and export successfully for over 10 years. We offer straightforward, no-nonsense learning to enable you to navigate international trade confidently.
