A Letter of Credit course will benefit all key personnel engaged in the Letters of Credit process, including Export Sales, Project Managers, Export Administrators, Finance, Customer Services and Shipping.
The following topics are covered:
- 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'
- Commitments to negotiate unconfirmed L/Cs
- Using L/Cs to decrease DSO (days sales outstanding)
- 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.
What else is included.....
All delegates will receive:
- detailed course notes
- copies of the slides
- a toolkit including templates and checklists
- a copy of the ICC 'rules' - UCP600
- a personalised Certificate of Training.
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.