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Letters of Credit
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Payment Key on a Keyboard 

 

Overview

Importing and exporting involves risks. Exporters run the risk of buyers failing to pay for goods, while importers may risk paying but never receiving anything. Because of the distances involved, it may be difficult to resolve any disputes.

One way of reducing the risks is to use a letter of credit. This can offer a guarantee to the seller that they will be paid, and the buyer can be sure that no payment will be made until they receive the goods.

There are several different types of letters of credit available to use, depending on the circumstances.

This course will explain the roles of the parties, clarify the procedures and recommend practical ways in which exporters can establish best practice in order to ensure payment every time.

 

Who should attend

  • Anyone whose role involves the setting up and operation of Letters of Credit

  • Staff in accounts, collections, shipping and customer service

 

Learning outcomes

  • Payment options in International trade
  • The role of Letters of Credit in International Trade
  • The benefits of Letters of Credit to buyer and seller
  • Roles and responsibilities of buyer and seller in a Letter of Credit
  • The role of the Banks
  • Making Letters of Credit work for all parties
  • Avoiding discrepancies
  • Common documentation and common terms
  • Strict compliance – the role of UCP 600
  • Generating finance and cash flow within a Letter of Credit
  • The different types of Credit

 

Member price - £260 + VAT

Non-member price - £360 + VAT

Join the Institute from as little as £65 and save over £100 on your training course!

 

Continuing Professional Development (CPD)

This course is CPD certified - 12.5 points

 

Dates and locations

Start date

End date

Location

21/09/2017 21/09/2017 London Book now
26/10/2017 26/10/2017 Manchester Book now
30/11/2017 30/11/2017 Birmingham Book now

 

Related courses:      
Advanced financing of international trade International Business Essentials UK US Export Controls
Advanced Financing of International Trade International Business Essentials UK & US Export Controls: A Basic Understanding

 

 

To discuss our training courses:
Call +44 (0)1733 404400
Email training@export.org.uk