Advanced Letters of Credit Workshop
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Overview

Course duration:
1 day.

A one day interactive and practical workshop aimed at exporting companies and freight forwarders who regularly receive or handle Letters of Credit. Case-study based, enabling lots of opportunity for practice and sharing experience, the course will help companies to negotiate the most favourable terms to be incorporated within L/Cs as well as reduce the risks and costs associated with presenting discrepant documents to the bank.

Is it right for me?
The workshop is suitable for;
-Experienced people who need a refresher and up-date
-Those who have attended our 'How to Handle Letters of Credit' courses who would like an in-depth, practical follow-up
-Finance and documentation staff who need practice with live examples and an opportunity to see their challenges in a new light

What will I learn?
By the end of this course you will be able to:
-Understand the forms and types of Letters of Credit.
-Devise a formula to influence the Letter of Credit content.
-Appreciate how credit insurance fits in.
-Understand USP 600 legislation and the opportunities it brings to your L/C performance.
-Identify the best performing banks and who to give your business to.

What will it cover?
Trade Methods of payment – a refresher
-Documentary Collections & Bills of Exchange

Documentary Letters of Credit – introductory refresher
The Letter of Credit Cycle
Negotiating Terms with overseas Customers
Common Problems and Discrepancies
Bank & Country Risk – L/C Confirmation
Other types of L/C – Transferable, Back-to-Back, Standby
L/C exercises
-Current examples and issues
-Checking the L/C upon receipt 
- Identifying and reducing discrepancies
-Calculating the costs and how to manage them
Uniform Customs & Practice For Documentary Credits – UCP 600
Document Checking Exercise
Financing under Letters of Credit
 
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My Location
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Tools
 
Key Details
Duration1 day
 
£529
per delegate
 
 
Bookings Helpline: 01933 233884 (Monday to Thursday - 8:00am to 5:30pm and Friday 8:00am to 5:00pm).