Methods of Payment & Letters of Credit: A BCC Accredited Training Course for both experienced and new exporters | Devon Chamber of Commerce

Devon Chamber of Commerce and Industry

T: 01752 220471

Methods of Payment & Letters of Credit: A BCC Accredited Training Course for both experienced and new exporters
Tuesday 22/05/2018 - Tuesday 22/05/2018

Methods of Payment & Letters of Credit (2 credits)

This one day workshop covers the 5 main types of payment for exports, from advance payment to open account, including Sight Documentary Collection, Term Documentary Collection and Documentary Letters of Credit. It includes the use of Bills of Exchange with and without documents.

Over 75 percent 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 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 is reinforced through the use of exercises, tips on getting the credit you want and working examples of documentary credits. 

 
Workshop Programme in Detail
  • Examination of documents for Advance Payment, Documentary Collections and Open Account
  • Types and levels of security
  • What is a Letter of Credit?
  • The 8 main types of Letters of Credit
  • Letter of Credit administration and procedure
  • Letters of Credit costs Letter of Credit content - getting the credit you want
  • What can go wrong?
  • Top tips for success every time UCP600/ISBP 
 
Course outcome:

To have a clearer understanding of rules and regulations around Letters of Credit and methods of payment, and to gain confidence and experience preparing documentation. 

 
Who should attend:

It is ideal for personnel who administer the documentation, sales, purchasing, despatch, logistics, Freight Forwarders and companies embarking into the export world. Excellent refresher for those working with L/C’s already and for those going into new territories. Essential learning for accounts, export and sales teams.

Date: 22nd May 2018

Times: 09:00 – 17:00

Cost: (Full Day)

Standard £320 + VAT

Member £260 + VAT

Inclusive of certification fee and Lunch.

Location: Devon Chamber of Commerce, 22 Lockyer St, Plymouth

To Book your place Contact Nick@devonchamber.co.uk

 

Chamber Accredited Training

Devon Chamber of Commerce is your business’ most important source of international trade advice and support. That’s why we offer high quality training courses for first time and existing exporters that cover the critical steps for any new export drive.

Our courses are now accredited by British Chambers of Commerce (BCC) and together form a curriculum that provides invaluable basic skills for small and large companies alike. Candidates must demonstrate knowledge of the subject and their performance will be marked by external examiners on the completion of each module. Candidates will receive a certificate for each module successfully completed, and achievement of six credits will result in the candidate obtaining a nationally recognised Foundation Award in International Trade. That’s why we offer high quality training courses for first time and existing exporters that cover the critical steps for any new export drive.

Book all six courses at the same time and receive a 10% discount.

 

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