Methods of Payment & Letters of Credit Training Course
Over 75% of first presentations to banks against documentary letters of credit are rejected, resulting in delays in receiving payment, additional costs, and
This course unravels the complexities of letters of credit. It also describes the 7 main types and how they are used, then provides invaluable insights into getting a properly costed and workable letter of credit, without having to pay for amendments.
In this course we will also explain the terminology used and examines the main points to watch for when
Courses are British Chambers of Commerce accredited, and equivalent to NVQ Level 2. Each course successfully completed counts towards the nationally
recognised Foundation Award in International Trade. The successful completion of six modules will be required to obtain the full Foundation Award in International Trade, this course counts as two credits towards the Award.
Once individual courses are completed, candidates are assessed by external examiners and, if successful, awarded a certificate demonstrating the expertise required to successfully unlock the international trade potential of your company.
Document Collections and Open Account
Use of Bills of Exchange
Examination of documents for Advance Payment
Letters of Credit administration and procedure
Letters of Credit costs
Letters of Credit content
9.30am Arrival, Tea & Coffee
9.35am Course (part 1)
1.30pm Course (part 2)