The course gives you an overview of payment methods, and describes how to request an amendment to the L/C. It 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?
This course is a must for anyone in the export team who processes letters of credit. The course explains the process in great detail by showing examples and providing the delegates the opportunity of putting into practice what they have learnt by completing practical. The content will cover other methods of payment used in international transactions.
This course is suitable for export sales managers and administration staff.
It has been designed to meet British Chambers of Commerce National Trade Training Standards. Delegates can complete two assessments after the workshop; this will be used as two credits towards “The Foundation in International Trade”, you must indicate at the time of booking that you wish to complete the assessments.
Delegates have THE OPTION to do an assessment (£15 added to the cost of the course) for two credits towards the “Foundation in International Trade”
We can organise bespoke courses, or consultancy sessions to discuss your international trade concerns at short notice. Not every company has the same training needs and we work with partners to help you to answer basic queries to more complex issues.
Are you implementing specific Customs facilities? Or applying for specific regimes & status, Authorised Economic Operator (AEO), Inward Processing (IP), Customs Warehousing (CW) We can help.
Time and costs required for each stage depend on each company, and its particular requirements.
- Role of Company, Bank and Customer
- The contract, Incoterms,
- Types of letters of credit
- Terms of payment, terms of doc credit
- UCP 600
- Preparing documents
ii. Bill of Lading
iv. Insurance, Dangerous goods
v. C of O, EUR1, ATR1
vi. Export licence
- Documentary discrepancies
- Presentation of documents/Documentation Completion
- Other Methods of payment