Letters of Credit (L/C) provide a tremendous challenge to exporters. But if they can meet the terms and conditions by providing timely and accurate documentation, then the exporter can receive the benefits of prompt payments from overseas. Non-compliance could result in bad debts, frustrated customers, and extra administration and costs. In order to be fully compliant, exporters need to have adequate training, as well as experience with both shipping and documentation methods and practice.
Delegates will learn how the UCP600/ISBP rules can assist in the process and how to avoid extra bank charges by becoming L/C compliant. Each delegate will also receive specific instruction on necessary documentation, banking procedures and best practice methods.
Whilst this course covers the subject matter from the exporter’s perspective, some buyers who open an L/C for international purchases will find a lot of the course very relevant.
Procedures, revocable/irrevocable, terms, UCP600, ISBP and discrepancies
Who should attend:
Export administrators/managers, shipping/logistics, customer service and finance