Methods of Payment & Letters of Credit
Online Course
1/2 day
This half-day workshop covers the 5 main types of payment for exports, from advance payment to open account, including Sight Documentary Collection, Term Documentary Collection and Documentary Letters of Credit. It includes the use of Bills of Exchange with and without documents.
Over 75 percent 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. Essential learning for accounts, export and sales teams.
Contents:
- Examination of documents for advance payment, documentary collections and open account
- Types and levels of security
- What is a letter of credit?
- The 8 main types of letters of credit
- Letter of credit administration, procedures, content and costs
- What can go wrong?
- Top tips for success every time with UCP600/ISBP
Our professional export training is delivered live online
Venue: Videoconference via Zoom
Date: 24 October 2024
Time: 1.30pm to 4.30pm
Online discounted cost:
Regular Customers / Chamber Members £392 +VAT
Non-Regular Customers / Non-Chamber Members £432 +VAT
Please click here to reserve your place.
Click here to see our booking terms and conditions.
