This course will be delivered remotely, via Zoom.
This introduction course covers the eight main types of Letters of Credit used in international trade from advance
payment, including Sight Documentary Collection, 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 the use of exercises, tips on
getting the credit you want and working examples of documentary credits.
• What is a Letter of Credit?
• The eight 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.
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.
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.
Discounts 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 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.