Please note that this session will be delivered virtually. If you have any questions, please email exportbritain@gmchamber.co.uk.
This course covers the eight main types of Letters of Credit used in international trade from advance
payment, including Sight Documentary Collection, Documentary Letters of Credit. It includes the use of Bills of Exchange with and without documents.
Over 75% of first presentations to banks against Documentary Letters of Credit are rejected, resulting in delayed payments to exporters, additional costs, and breached delivery deadlines. This course is suitable for all staff who need to have a clear understanding of the procedures required to ensure payments for goods sold on
documentary credit terms. Knowledge and understanding are reinforced through the use of exercises, tips on getting the credit you want and working examples of documentary credits.
Course Contents:
• What is a Letter of Credit?
• The eight main types of Letters of Credit
• Letter of Credit administration and procedure
• Types and levels of security
• Letters of Credit costs, Letter of Credit content - getting the credit you want
• Examination of documents required for presentation
• What can go wrong?
• Top tips for success every time UCP600/ISBP
• Sources of help and advice
Who Should Attend
This course is ideal for personnel who administer the documentation, sales, purchasing, despatch, logistics, Freight Forwarders and companies embarking into the export world. This is also an excellent refresher for those already working with Letters of Credit and for those going into new territories. Essential learning for accounts, export and sales teams.
This course is accredited by the British Chambers of Commerce and delegates will receive one credit towards the Foundation Award in International Trade. You will need to achieve 6 credits to be awarded with the Foundation Award, a nationally recognised qualification. For more details on any of the above please email international@gmchamber.co.uk.
Payment Terms
Please note payment must be made in full before the course.
Cancellation Terms
In case you are no longer able to attend this training course, please note you must cancel your place at least 5 working days before the course. The cancellation must be in writing and sent to international@gmchamber.co.uk indicating the name of the course you are cancelling for and delegate(s) details. If a booking is not cancelled and the delegate does not attend, full event costs will still apply.
We are open, inclusive and welcoming, and we celebrate the diversity which makes up our city region. We ask that all delegates and sponsors uphold our professional code at all times.
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