How to Handle Letters of Credit

Suitable for anyone who wants to learn about letters of credit or who wants to improve their skills.

By the end of this course you will be able to:

* Distinguish the benefits of the main forms (Irrevocable and Confirmed) and know when to use them.
* Use a formula to help buyers improve the content of letters of credit opened in their favour.
* Check incoming letters of credit, using a reliable checklist.
* Appreciate how bills of exchange work with letters of credit.
* Understand how UCP600 supports the exporter.

This course will enable participants to understand the mechanics of handling letters of credit in simple terms from the exporter's point of view.

Fifty percent of documents presented under letters of credit are rejected by the banks because of discrepancies. Participants learn what they can do, in practical terms, to improve letters of credit performance, and ensure good management and collection mechanisms.