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Description

This one day 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.

Overview

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.

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.

Outcome

To have a clearer understanding of rules and regulations around Letters of Credit, and to gain confidence and experience preparing documentation.

This event is available for: Members and Non Members

9:30am - 3:30pm

Online

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Members must Sign in / Register to purchase member only tickets

Price Type

Clear

*All our business prices are excluding VAT at 20%.

For further information on this event, please contact International Trade Training on 03333200333 or email internationaltraining@emc-dnl.co.uk

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Letters of Credit

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