International Payment Methods, Letters of Credit Course

British Chambers of Commerce (BCC) Accredited Course

This accredited course is designed to give delegates essential practical guidance to ensure that they are paid for their exports under a letter of credit on first presentation of documents and the confidence to talk to the banks effectively. It also focuses on the other main methods of payment used in international trade.

Who should attend this course?

Export sales managers and staff; shipping department managers and personnel; finance department staff; freight forwarders

Upon completion of 2 written revision papers, delegates will receive a BCC accredited certificate subject to a pass mark of 50% in each topic.

The test paper topics are;

• Letters of credit
• Methods of payment

Course topics

• Introduction - What is a letter of credit?
• The letter of credit process
• Letter of credit costs
• Incoterms ® 2010 – brief overview
• Why use a letter of credit?
• Terms and conditions - UCP 600
• Types of documentation
• Presenting to the bank - resolving discrepancies
• Methods of payment, covering:
  • Advance payment
  • Open account
  • Documentary collections
• Bonds and Guarantees

Bespoke Training

If you are unable to attend on the scheduled dates, we can bring this or any other international trade course to your place of work and tailor it to meet your company needs. Please call us to discuss. The charge for this will be from £100.00+VAT per hour for Global members.

For further information or to book a place, contact the North East England Chamber of Commerce International Trade team 0191 374 6474.

Please note:

Please advise any dietary requirements at the time of booking.

There is free parking within the grounds but it is often limited and is subject to availability. On match days it will be particularly busy. There is a 'pay and display' car park opposite the entrance to the grounds. The current daily rate is around £4.00.