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Documentary Letters of Credit - a On-Line BCC accredited training course
Date and Time
Tuesday Sep 3, 2024
9:00 AM - 12:30 PM BST3rd September 9:00am - 12:30pm
Location
Online via MS Teams
Fees/Admission
£250 + VAT
Description
Documentary Letters of Credit
Description This introduction course covers the ten main types of Letters of Credit used in international trade from advance payment, including Sight Documentary Collection, Documentary Letters of Credit. It 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 ten 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
Who Should Attend This course is ideal for personnel who administer the documentation, sales, purchasing, despatch, logistics, Freight Forwarders and companies embarking into the export world. This is also an excellent refresher for those already working with Letters of Credit and for those going into new territories. Essential learning for accounts, export and sales teams. Accredited Training Our 2024 courses are 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.
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.
A Foundation Award in International Trade is awarded on the completion of six modules.
Book six courses at the same time and receive a 10% discount.
Please note - You must cancel your place more than three working days in advance, and no charge will be made. The booking can, of course, be moved to a future date. If you cancel or request a move to a different date with less than three working days’ notice, 50% of the fee will be charged. If you fail
to attend the course but have received the presentation notes, the full fee will be invoiced.
Note: in certain circumstances and if the course has sufficient bookings to remain viable, ITM reserves the right to waive this policy.
Insufficient Numbers: Insufficient bookings may mean that a course would not be financially viable. In these cases, the Chamber will inform you three working days in advance.
