Methods of Payment & Letters of Credit
Online Course
Master Letters of Credit – Get Paid Faster, Reduce Risk and Avoid Costly Errors
Letters of Credit are one of the most secure methods of payment in international trade — but they are also one of the most complex and error-prone.
Even small discrepancies in documentation can result in delayed payments, additional bank charges, or even non-payment, putting pressure on your cashflow and increasing financial risk.
This practical course is designed to give you the knowledge and confidence to handle Letters of Credit correctly, avoid costly mistakes and ensure full compliance with bank requirements. Whether you are new to Letters of Credit or looking to improve your processes, this training will help you protect your business, reduce risk and get paid on time.
What You Will Learn
This practical course will show delegates how to manage export payment methods with greater confidence, reduce risk, avoid costly errors and improve compliance when working with documentary credits. Using examples, exercises and practical guidance, the course covers:
- Different types of payment from advanced payment to open account
- Consignment Payments
- Documentary Collections
- Foreign Currency Transactions
- Shipment Insurance
- Performance Bonds
- What is a Letter of Credit?
- The different types of Letters of Credit
- What is UCP600?
- Letter of Credit administration, procedures, content and costs
- What can go wrong?
- Top tips for success
- Terminology
By the end of the course, delegates will also understand:
- How Letters of Credit work in practice from order to payment
- How to avoid discrepancies and ensure documents are compliant first time
- How to interpret and manage Letter of Credit terms and conditions
- The role of banks and what they check when reviewing documents
- How to reduce costs by avoiding amendments, delays and penalties
- How to manage risk when trading with new or high-risk markets
- How to resolve common Letter of Credit issues quickly and effectively
Why This Course Matters
Errors in Letters of Credit are one of the most common causes of delayed or rejected export payments.
Without the right knowledge, businesses can face:
- Costly bank charges due to discrepancies
- Delayed payments impacting cashflow
- Increased risk when trading internationally
- Time-consuming disputes with banks and customers
- Compliance failures with international banking rules
This course gives you the tools to get it right first time, helping you:
- Reduce unnecessary costs and protect your profit margins
- Improve cashflow by avoiding delays in payment
- Ensure compliance with UCP 600 and banking requirements
- Operate more efficiently and confidently in global trade
Who Should Attend?
This course is ideal for anyone involved in international trade, including:
- Export and import documentation teams
- Finance and credit control professionals
- Shipping, logistics and operations staff
- Sales teams managing international contracts
- Business owners and managers responsible for trade compliance and risk
It is suitable for both beginners and those looking to refresh or strengthen their existing knowledge.
Ensure your business avoids costly errors, improves compliance and gets paid on time. Book your place today and gain the confidence to manage Letters of Credit effectively.
Event Details
Venue: Videoconference via Zoom
Date: 29 April 2026
Time: 9.30pm to 12.30pm
Cost: Discounted fee £392 +VAT* | Full price £432 +VAT
*Discounted prices are available exclusively to Chamber members with the International Bundle subscription.
Click here to enquire about membership.
Click here to see our booking terms and conditions.
Refund Policy - Refunds up to 7 days before the event. Eventbrite's 5% processing fee is non-refundable.
