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Letters of Credit & Methods of Payment

12 December @ 9:30 am - 3:30 pm

By importing and exporting many companies can increase their growth and profit margins. Our team of trainers 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 a letter 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

o Advance Payment

o Documentary Collections

o Documentation and costs

o 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.

Details

Date:
12 December
Time:
9:30 am - 3:30 pm
Website:
https://my-chamber.co.uk/export-hub/export-hub-training/

Organiser

MY Export Hub