Export: Letters of Credit

23 Apr 2020 09:00 - 16:00

Location
Black Country Chamber of Commerce
Creative Industries Centre
University of Wolverhampton Science Park
Glaisher Drive
West Midlands
WV10 9TG

Cost
Members: £200.00
Non members: £250.00

This Letters of Credit training course has been devised for companies/departments that are regularly receiving or handling Letters of Credit. It will help you to reduce risks, bank charges and improve efficiency of administrators.

This course will cover the following:

 
  • The need for careful credit checking
  • The export quotation
  • A review of other payment methods – advantages and disadvantages and when they should be used
  • What is a Letter of Credit?
  • Letter of Credit administration
  • The Letter of Credit Procedure
  • Letter of Credit types and levels of security
  • Letter of Credit costs
  • The terminology, form and structure of L/Cs
  • Incoterms and L/Cs
  • The documents – an in-depth study of the specific Letter of Credit documents
  • What can go wrong?
  • Tips to ensure you get it right at all stages of the Letter of Credit transaction
  • UCP 600 considerations
  • The significance of L/Cs in the current economic climate

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