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Receiving Payment and Using 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:

  • Foreign Currency Transaction Mitigation
  • Methods of Payment – risks and benefits
    • Advance Payment
    • Documentary Collection
    • Open Account
    • Letter of Credit
  • The Letter of Credit Process
    • Terminology
    • LC Types
    • UCP 600 Rules
    • Management and Presentation of the Letter of Credit
  • Incoterms 2020
  • Shipping Documents
  • Practical session

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. This course will be delivered online or onsite at our Long Eaton office.

Time?

Full day intensive 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.

Upcoming training

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