Letter of Credit/Methods of Payment

14th December 2021

Letter of Credit/Methods of Payment

14th December 2021
Starts at 9:30am
Ends at 12:30pm
Member price £198
Non-member price £220

Letter of Credit/Methods of Payment

This seminar combines two British Chambers of Commerce assessment modules into one on-line training seminar. It will consider the advantages and disadvantages of the payment options available to international traders and the documentary requirements associated with each option.

To use Letters of Credit effectively importers and exporters will need to fully understand the dynamics and terminology of a letter of credit, the role of each party, the importance of the shipping documents and the level of security offered.

It will consider the different interests of the exporter, importer and the banks and methods of reducing the risks for all parties This seminar will examine LC process in detail and offer guidance on how to create a workable credit. Personnel from shipping, sales, purchasing and finance will have a role to play in this.

Seminar Objectives:

  • The course should enable delegates to understand
  • Options available for international trade payments
  • Basic currency risks
  • The role of documents in the payments process
  • UCP 600 – The rules for letters of credit
  • The roles and agendas of the parties involved in a documentary credit
  • Types of letters of credit
  • Creation, completion and compliance of documents
  • Confirmation of credits
  • Assignment of funds

If you are a Business West Chamber of Commerce member you can save 10% on this course, simply contact us for your discount code.

Thank you for your booking. We look forward to seeing you on 14th December 2021.

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  • Learn more about trading internationally

    Our training workshops are designed to provide you with the essential skills you need to understand the exporting and importing process. We run courses that look in depth at export terminology and help you understand the paperwork as well as explain the process of importing, commodity codes and customs declarations.