Letters of Credit - On-line
Date: Wednesday, 12 May 2021
Time: 9:00am - 4:30pm
Member Price: £260.00+VAT
Non-Member Price: £370.00+VAT
This one day on-line course provides a detailed information on how to be pro active in opening a letter of credit, how to work with the documents and present to the bank correctly. The course is designed for staff within the organisation that are exposed to Letters of credit not only from an admin point of view but for Sales and Purchasing departments too.
Workshop Programme in Detail
Topics covered include:
- Why we use them?
- What can go wrong, How to prevent errors, A review of payment risk and the Payment Risk Ladder, methods of payment including where letters of credit feature in the risk ladder.
- Types of Letters of Credit, The parties involved and their roles and responsibilities, The role of the Issuing, Paying and Confirming Banks
- An introduction to the rule book - UCP 600, Overview International Standard banking practice book (ISBP), The Banks doctrine of strict compliance, How to prepare documentation, Check lists, Practical exercises relating to UCP 600 and preparing Documents.
To have a clearer understanding of rules and regulations around Letters of Credit, and to gain confidence and experience preparing documentation.
Who Should Attend
It is ideal for personnel who administer the documentation, sales, purchasing, despatch, logistics, Freight Forwarders and companies embarking into the export world. Excellent refresher for those working with L/C’s already and for those going into new territories.
The course will be delivered online with full participation from all attendees. You will be sent a calendar invite along with your link to access the session following receipt of your booking.
About the Trainer
Has been training for many years and has practical experience in many aspects of International Documentation and processors.
Submit your booking today using the form below.