Chamber Event

Methods of Payment & Letters of Credit Training Course

Wed 01 Nov, 2017
09:30 - 16:30
Kesgrave Hall, Hall Road, Kesgrave, Ipswich, Suffolk IP5 2PU
book your place Members £200.00+VAT Non-Members £250.00+VAT (Price
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
missed deadlines.

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
checking documents.

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.

Course content:

  • Document Collections and Open Account

  • Use of Bills of Exchange

  • Examination of documents for Advance Payment

  • Security

  • Letters of Credit administration and procedure

  • Letters of Credit costs

  • Letters of Credit content

Agenda:

9.30am     Arrival, Tea & Coffee
9.35am     Course (part 1)
12.30pm   Lunch
1.30pm     Course (part 2)
4.30pm     Finish

book your place