Advanced Letters of Credit Workshop

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Description

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 Letters of Credit 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 update
  • Those who have attended our 'How to Handle Letters of Credit' courses who would like an in-depth, practical …

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Frequently asked questions

There are no frequently asked questions yet. Send an Email to info@springest.co.uk

Didn't find what you were looking for? See also: Credit Management & Control, Accounting, Business Administration, Bookkeeping, and Financial Analysis.

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 Letters of Credit 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 update
  • 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 Letter of Credit 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 – Letters of Credit Confirmation

Other types of Letters of Credit – Transferable, Back-to-Back, Standby

Letters of Credit exercises

  • Current examples and issues
  • Checking the Letter of Credit 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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    There are no frequently asked questions yet. Send an Email to info@springest.co.uk