This course provides an overview of all methods of payment when trading internationally including the risks and benefits involved.
It will then concentrate on the letters 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
- Advantages and disadvantages
- LC types
- UCP 600 Rules
- Management and presentation of the letter of credit
- Incoterms 2020 and insurance
- Shipping documents
- Best practice and tips
- Practical session
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.
Cost and duration
This course lasts for one day and is delivered online, via Zoom, by our approved expert trainers.
Complementary courses we would recommend:
- Import procedures, inwards and outwards processing
- Customs procedures and documentation
- Letters of credit – Methods of payment
Download our training brochure below to find out more.
Sue Wright
Sue began her international trade career over 30 years ago as a junior shipping clerk for an engineering and manufacturing company. Inspired by her work she quickly progressed and saw this as a career path going on to study to post graduate level with The Institute of Export. She moved on after several years to take up a shipping manager role for an engineering company. The work involved project managing contracts of supply and delivery across the world and working with Letters of Credit for payment. There were multiple parties involved in the cross-trade movements with Customs and HMRC compliance being paramount. Some of this work involved Special Import Procedures, Import Licences and Controls of various items. In 2010, with this vast amount of knowledge, Sue started Exporter Services and delivers courses in various areas of International Trade.
| Location |
Online via Zoom
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| Availability |
Places available
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