Documentary Letters of Credit & Methods of Payment (BCC accredited)

When? Wednesday 24th March 2021 09:30 - 14:30

Where? Webinar

No description available

The BCC now has ten nationally accredited core courses. Together, these form an export curriculum that provides invaluable basic skills for small and large companies alike. Candidates must demonstrate knowledge of the subject and their performance will be marked by external examiners on the completion of each module. Successful candidates will receive a certificate; completing six or more courses will result in the candidate achieving a nationally recognised Foundation Award in Exporting. These courses are suitable for both experienced exporters and those with no previous knowledge of exporting.

This course is suitable for those working in International trade and are involved in the management and presentation of letters of credit. The delegate may be new to letters of credit or currently process them in their role and want to brush up on the processes or add to their knowledge.

The course will provide an overview of all methods of payment when trading internationally to include the risks and benefits involved. It will also guide you through the rules of managing a letter of credit and how to make sure documents are compliant, so payment is successful.

Course objectives:

  • Foreign currency transaction mitigation
  • Methods of payment – risks and benefits, advance payment, documentary collection, open account, letter of credit
  • The letter of credit process including terminology, LC types, UCP 600 rules and management and presentation of the letter of credit
  • Incoterms 2020
  • Shipping documents
  • Hints and tips regarding best practice for L/Cs

The cost for Members is £225.00 + VAT and for Non-Members its £295.00+ VAT.

To book a place, please download our Booking Form or contact our export team to discuss training.

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