Business Training
Letters of Credit 2nd December 2009
Letters of Credit: How to ensure payment when importing or exporting
How to protect your company when trading internationally
A Letter of Credit is a banking document that ensures payment when importing or exporting. This workshop begins by looking at the terminology and at the various types of Letters of Credit.
Ten vital steps when processing a Letter of Credit
Letters of Credit are essential when trading with the Middle East, Far East or South America. This course will introduce you to a step-by-step guide for each stage of the processing procedure.
Four key stages when arranging a Letter of Credit
The seminar will also show you how to arrange a Letter of Credit. You'll learn how to use a simple four-part process involving the Beneficiary, Applicant, Issuing Bank and Advising/Confirming Bank.
Discover what to do when Letters of Credit go wrong
No system is infallible. This programme teaches you the six-point plan used by the banks for handling problems. It will help you deal with the banks, with confidence - and keep track of what is happening.
This workshop also covers
- Definition of documentary Letters of Credit
- Different types and uses of Letters of Credit
- The rules of the Uniform Customs and Practice (UCP)
- How the UCP affects banks and buyers
- Advised credit and Confirmed credit - the differences
- The changes brought about by the 1993 revision
- UCP 400 and UCP 500 - compared article by article
- Eliminating problems with Letters of Credit
Cost: £189.75 (Greater Manchester Chamber member)
£233.45 (non member rate)