Events | Documentary Letters of Credit & Methods of Payment (BCC Accredited)

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

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

Individual courses cost £225 + VAT (members) / £295 + VAT (non-members).
Courses are priced individually. A discount can be offered when booking 6 or more modules or booking 3 or more delegates on the same course.

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