Training Brochure 26 - Flipbook - Page 39
Methods of Payment &
Letters of Credit
This course is suitable for those working in
International Trade and are involved in the
management and presentation of Letters of Credit.
The course provides an overview of all methods of
payment when trading internationally to include the
risks and bene昀椀ts involved. It will then concentrate
on the Letter of Credit aspect guiding you through
the rules of managing a letter of credit, making
sure documents are compliant and payment is
successful. The agenda and course objectives are
as follows:
»
Foreign Currency Transaction Mitigation
»
Methods of Payment – risks and bene昀椀ts
- Advance Payment
- Documentary Collection
- Open Account
- Letter of Credit
»
The Letter of Credit Process
- Terminology
- LC Types
- UCP 600 Rules
- Management and Presentation of Letters of Credit
»
Incoterms 2020 and Insurance
»
Shipping Documents
»
Best Practice for L/Cs – Hints and Tips
»
Practical Session
Assessment & Accreditation.
British Chambers of Commerce Accredited
This course is part of the BCC Foundation Award
which can be taken as a group of 6 to achieve the
award or it can be undertaken on its own.
DURATION - 1/2 DAY
PRICE - Members £195+VAT
Non-Members £225+VAT
(Please note: this is a half day course
delivered on Zoom.)
39
