Methods of Payment & Letters of Credit

Methods of Payment & Letters of Credit

This course covers the 5 main types of payment for exports including Documentary Collection and and Documentary Letters of Credit.

By Chamber International

Date and time

Location

Online

Refund Policy

Refunds up to 7 days before event.

About this event

  • Event lasts 3 hours

This half-day workshop covers the 5 main types of payment for exports, from advance payment to open account, including Documentary Collection and Documentary Letters of Credit.

Over 50 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 are reinforced through the use of exercises, tips on getting the credit you want and working examples of documentary credits. Essential learning for accounts, export and sales teams.


Contents:


  • Different types of payment from advanced payment to open account
  • Consignment Payments
  • Documentary Collections
  • Foreign Currency Transactions
  • Shipment Insurance
  • Performance Bonds
  • What is a Letter of Credit?
  • The different types of Letters of Credit
  • What is UCP600?
  • Letter of Credit administration, procedures, content and costs
  • What can go wrong?
  • Top tips for success
  • Terminology


Our professional training events are delivered live online via Zoom.


Chamber International Training Academy - online programme here


Refund Policy - Refunds up to 7 days before the event. Eventbrite's 5% processing fee is non-refundable.

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Organised by

Chamber International

As the pace of business life increases and knowledge quickly becomes stale, organisations are beginning to re-evaluate the way they look at training and developing their staff. More importers and exporters are seeing the value of aligning their choice of training with strategic organisational objectives and our best-selling training model has been designed in response to this.

Online Training

Online training is an evolving trend that is proving incredibly popular with businesses. The benefits to business speak for themselves:

  • Participants don't have to be in the same place
  • No travel costs, attend from anywhere in the world
  • Time-efficient, with no travel time to a venue
  • More stimulating compared to chalk and talk classroom sessions

Our online courses and seminars are taught live by our experienced, certified trainers, and are fully interactive (not “one-way” webinars). Join us to deepen your import/export know-how, find the right answers to niggling questions, and learn best practice.

Rated “extremely satisfied” for interest, engagement, and practicality by attendees

Don’t just take our word for it - listen to what this trainee said about her 1-day course

Bespoke Training

We’ll listen to your needs and design the perfect bespoke training programme to increase your business performance and prepare your people for success. Please contact us for a quotation.

In-house Training

Train your people. If you can’t get to one of our workshops we’ll come to you to deliver nationally accredited training in import and export. Please contact us for a quotation.

From £470.40
Sep 2 · 01:30 PDT