Documentary Letters of Credit & Methods of Payment

Time: 09:30 - 12:30

Date: 14/12/2021

Venue: Virtual

Division: International Business Hub

General Price

Member Price: £245.00

Future Faces Members: £245.00

Non-Member Price: £295.00

All prices exclude VAT

Event Description:

This course is suitable for those working in International trade, is involved in the management and presentation of letters of credit or wants to increase their knowledge on the process.

The course will provide an overview of all methods of payment when trading internationally to include the risks and benefits involved. It will also guide you through the rules of managing a letter of credit and how to make sure documents are compliant, so payment is successful.

The course gains the delegate 2 modules towards the foundation award in International trade. To gain the foundation award, each delegate must attend and pass a total of 6 modules from the 10 BCC accredited modules. There are 7 courses to choose from in total. 

Course objectives:

  • Foreign currency transaction mitigation
  • Methods of payment – risks and benefits, advance payment, documentary collection, open account, letter of credit
  • The letter of credit process including terminology, LC types, UCP 600 rules and management and presentation of the letter of credit
  • Incoterms 2020
  • Shipping documents
  • Hints and tips regarding best practice for L/Cs

The cost for Members is £245.00 + VAT and for Non-Members its £295.00+ VAT.

We also offer training packages, bespoke training and discounts for multiple bookings.

Please email to book a place or find out when the next available course will be.

*Please note, the aim is always to finish at the time provided above, but please allow extra time depending on how many delegates are on the course, as there may be more questions for the trainer to answer. 


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