Letters of Credit and Getting Paid Training

Letters of Credit and Getting Paid Training

This one day course will cover every aspect of Letters of Credit, the points that will be covered in the day are:

– What is a Letter of Credit?
– Letter of Credit administration
– The Letter of Credit Procedure- The need for careful credit checking
– The export quotation
– A review of other payment methods – advantages and disadvantages and when they should be used
– Letter of Credit types and levels of security
– Letter of Credit costs

The workshop then delves deeper into:

– The terminology, form and structure of Letters of Credit
– Incoterms and Letters of Credit
– 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 Letters of Credit in the current economic climate

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