Methods of Payment & Letters of Credit (2 credits)
This one day workshop covers the 5 main types of payment for exports, from advance payment to open account, including Sight Documentary Collection, Term Documentary Collection and Documentary Letters of Credit. It includes the use of Bills of Exchange with and without documents.
Over 75 percent of first presentations to banks against documentary letters of credit are rejected, resulting in delayed payments to exporters, additional costs and breached delivery deadlines. This course is suitable for all staff who need to have a clear understanding of the procedures required to ensure payments for goods sold on documentary credit terms. Knowledge and understanding is reinforced through the use of exercises, tips on getting the credit you want and working examples of documentary credits.
To have a clearer understanding of rules and regulations around Letters of Credit and methods of payment, and to gain confidence and experience preparing documentation.
It is ideal for personnel who administer the documentation, sales, purchasing, despatch, logistics, Freight Forwarders and companies embarking into the export world. Excellent refresher for those working with L/C’s already and for those going into new territories. Essential learning for accounts, export and sales teams.
Costs are inclusive of certification fee and Lunch.
To Book your place Contact Nick@devonchamber.co.uk
Chamber Accredited Training
Devon Chamber of Commerce is your business’ most important source of international trade advice and support. That’s why we offer high quality training courses for first time and existing exporters that cover the critical steps for any new export drive.
Our courses are now accredited by British Chambers of Commerce (BCC) and together form a curriculum that provides invaluable basic skills for small and large companies alike. Candidates must demonstrate knowledge of the subject and their performance will be marked by external examiners on the completion of each module. Candidates will receive a certificate for each module successfully completed, and achievement of six credits will result in the candidate obtaining a nationally recognised Foundation Award in International Trade. That’s why we offer high quality training courses for first time and existing exporters that cover the critical steps for any new export drive.
Book all six courses at the same time and receive a 10% discount.
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