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Receiving Payment and Using Letters of Credit
About the course
This course is suitable for those working in International trade and are involved in the management and presentation of letters of credit.
It will provide an overview of all methods of payment when trading internationally to include the risks and benefits involved. It will then guide you through the rules of managing a letter of credit making sure documents are compliant and payment is successful.
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; please contact us if you would like to discuss onsite training at your offices (minimum delegate numbers apply).
Time?
Full day intensive course from 9.30am to 3.30pm.
Cost?
This course is priced at £420+VAT, MY Chamber members are eligible for a discounted price of £350 + VAT.
Please contact export@my-chamber.co.uk to book now