Documentary Letters of Credit
This introduction course covers the eight main types of Letters of Credit used in international trade from advance payment, including Sight Documentary Collection and Documentary Letters of Credit. It also includes the use of Bills of Exchange with and without documents.
Over 75% of first presentations to banks against Documentary Letters of Credit are rejected, resulting in delayed payments to exporters, additional costs, and breached delivery deadlines. This introduction course is suitable for all staff who need to have a clear understanding of the procedures required to ensure payments for goods sold on documentary credit terms. Knowledge and understanding are reinforced through the use of exercises, tips on getting the credit you want and working examples of documentary credits.
Course Contents
- What is a Letter of Credit?
- The eight main types of Letters of Credit
- Letter of Credit administration and procedure
- Types and levels of security
- Letters of Credit costs, Letter of Credit content - getting the credit you want
- Examination of documents required for presentation
- What can go wrong?
- Top tips for success every time UCP600/ISBP
- Sources of help and advice
PRICE GUIDE (EXC VAT)
LCCI members £300.00
Community Network £350.00
Price per delegate.
Non-members will be able to book training courses by registering to our free of charge Community Network.
BCC Foundation Award in International Trade
This course is an accredited course for the BCC Foundation Award in International Trade.
We are offering six of the eligible courses to choose from at a discounted rate when purchased as a full package from £1,500 + VAT*, alternatively, courses can be selected individually from £300 + VAT* per subject. (*LCCI Members)
The British Chambers of Commerce offers nationally accredited international trade courses delivered by the Accredited Chamber Network that together form an import and export curriculum. Candidates who successfully complete six accredited courses are awarded the nationally recognised BCC Foundation Award in International Trade.
