The course provides an overview of all methods of payment when trading internationally to include the risks and benefits involved. It will then concentrate on the Letter of Credit aspect guiding you through the rules of managing a letter of credit, making sure documents are compliant and payment is successful.

What will you learn?
  • Foreign Currency Transaction Mitigation
  • Methods of Payment – risks and benefits
    • Advance Payment
    • Documentary Collection
    • Open Account
    •  Letter of Credit
  • The Letter of Credit Process
    • Terminology
    • LC Types
    • UCP 600 Rules
    • Management and Presentation of the Letter of Credit
  • Incoterms 2020
  • Shipping Documents
  • Best Practice for L/Cs – Hints and Tips

Who is it for?
This course is suitable for those working in International Trade and are involved in the management and presentation of Letters of Credit.

Exam
There is an optional exam (open book) at the end of the course, this is marked by the British
Chamber of Commerce (BCC) and gives a certificate of competence. These exams (on passing 6 subjects) will lead to a BCC Foundation Award in International Trade which is equivalent to a SVQ qualification.


Date doesn’t suit?
If this course is of interest but the date doesn’t work for you, contact training@agcc.co.uk and we’ll try and accommodate your needs.  Alternatively, we can organise a tailored course or programme for your business, enhancing the expertise, productivity and performance of your teams, giving your business a competitive advantage.  We’ll make sure the content and format are right for you.
 
Payment
Please note that payment is due when booking.  Invoicing is only possible on immediate payment terms after receipt of a valid PO number (if applicable).
 

Location
Virtual Classroom via Zoom

Aberdeen
Availability Places available
Back to training courses

More like this…

View all