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Letters of Credit
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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 - £299 + VAT

Non-member price - £399 + 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


Before booking please make sure you read our training course terms and conditions. Booking a place on one of our training courses implies acceptance of these terms.


Dates and locations

Start date

End date


14/03/2018 14/03/2018 London Book now
23/05/2018 23/05/2018 London Book now
20/06/2018 20/06/2018 London Book now
12/09/2018 12/09/2018 London Book now
14/11/2018 14/11/2018 London 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