Documentary Letters of Credit
September 03, 09:30

Documentary Letters of Credit

Event Details

This course will be delivered remotely, via MS Teams. 

Description:
This introduction course covers the ten main types of Letters of Credit used in international trade from advance payment, including Sight Documentary Collection, and Documentary Letters of Credit. It includes the use of Bills of Exchange with and without documents.

Over 75% 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 introduction 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 exercises, tips on getting the credit you want, and working examples of documentary credits.

Course Contents:
• What is a Letter of Credit?
• The ten main types of Letters of Credit
• Letter of Credit administration and procedure
• Types and levels of security
• Letters of Credit costs, Letter of Credit content – getting the credit you want
• Examination of documents required for presentation
• What can go wrong?
• Top tips for success every time UCP600/ISBP
• Sources of help and advice

Who Should Attend:
This course is ideal for personnel who administer the documentation, sales, purchasing, despatch, logistics, Freight Forwarders, and companies embarking into the export world. This is also an excellent refresher for those already working with Letters of Credit and for those going into new territories. Essential learning for accounts, export, and sales teams.

Training Methods:
The trainer will use oral and visual presentation, reference to fictitious and real examples and participatory exercises to illustrate course content. The delegates will receive copies of the presentation on which notes can be made together with a workbook for future reference.

Foundation Award: 
The Foundation Award in International Trade consists of 10 modules, identified as important elements of any overseas business development and vital for key employees involved in the fulfilment of overseas trade. To help with individual's professional development in international trade functions, achieving a merit or pass on 6 of those modules will complete the Foundation Award.

Additional discounts are available when booking courses for all 6 modules of the Foundation Award.
If you would like to complete the Foundation award then please enquire before booking.

Insufficient Numbers
Insufficient bookings may mean that a course would not be financially viable. In these cases Dorset Chamber will inform all concerned three working days in advance and the booking will be move to the next available date.
 

 

Event Cost

Members: £220, Standard: £265

Event Date & Time

September 03, 09:30 - September 03, 12:30
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