In the current financial climate, our highly practical and (dare we say), enjoyable Letter of Credit workshops are in great demand. They are appropriate for SMEs and large corporates who receive or handle Letters of Credit.
In 2009, we delivered in-house training to companies all over the UK in the aerospace, pharmaceutical and healthcare, environmental (waste management /recycling), engineering and automotive sectors.
We also deliver Letter of Credit training designed specifically for freight forwarders.
Whatever your industry sector or location, if you are regularly receiving Letters of Credit, this course is for you.
Increase Letter of Credit skills in key business areas.....
Export sales directors and managers will learn how to assess risk and negotiate the most favourable terms with overseas customers, thus reducing the requirement for costly Letter of Credit amendments.
With practical exercises, checklists, templates and case studies, shipping departments, customer services and finance teams will learn how to manage Letters of Credit from initial receipt through to preparation of documents that comply with the Letter of Credit terms and are free from discrepancies.
We will help you to take control of the whole process from
Letter of Credit issuance through to presentation of
documents to the bank.
Course outline.....
Whether you require an introductory course for staff new to Letters of Credit or an 'advanced' workshop for more experienced people requiring a refresher and detailed insight into current practices and issues, we can deliver training tailored to your specific business needs.
A typical course will cover the following topics:
- Methods of Payment - the 'Risk Ladder'
- Documentary Collections & Bills of Exchange
- What is a Letter of Credit?
- How Letters of Credit work
- Understanding the jargon - L/C terms and expressions
- Negotiating the best terms for your business
- L/C Confirmation - 'open' and 'silent'
- L/C bank charges - calculating and minimising costs!
- How to deal with the banks - handy hints and tips
- Common problems and discrepancies
- UCP 600 and ISBP
- Preparing and presenting documents to the bank
- Letter of Credit examples and exercises*
* We will be very happy to develop exercises and case studies based on your own examples of Letters of Credit or export sales contracts. Please call us on 0800 043 4052 for more information.
What else is included.....
All delegates will receive detailed course notes and copies of the slides together with a toolkit including templates and checklists for use in the work environment. Also included is a copy of Uniform Customs & Practice for Documentary Credits (UCP 600) and a personalised Certificate of Training.
We can help you.
Think! A modest investment in training now could save you thousands of pounds in future costs and potential bad debts!
Call us on 0800 043 4052 or email us for a quote or to discuss your requirements.