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 Documentary Collection and Documentary Letters of Credit.

Over 50 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:

  • 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

 

Date: 20 February 2025

Time: 9:30am to 12:30pm

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.