Letters of Credit Training
| Secure Payment. Minimise Risk in International Trade. Getting paid on time is critical in export transactions—and understanding the different methods of international payment is key to reducing risk. This practical two-hour virtual workshop will provide clarity on how to use payment mechanisms effectively, with a special focus on Documentary Letters of Credit. With over 75% of first presentations to banks under Letters of Credit rejected due to errors, it’s essential that exporters understand how to meet bank requirements and avoid costly delays.What You Will Learn: • An overview of the five main export payment methods: Advance Payment, Open Account, Sight Documentary Collection, Term Documentary Collection, and Documentary Letters of Credit • Correct use of Bills of Exchange, with and without documents • Step-by-step walkthrough of a Letter of Credit transaction • Common reasons for payment rejection and how to avoid them • Practical tips for ensuring accurate documentation and timely paymentsIncluded with the Course: • A full set of course slides for future reference • Easy-to-use guidance notes to support real-world application This course is essential for exporters, finance teams, and operations staff who want to manage payment risk effectively and ensure prompt receipt of funds in international trade. |
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