What you will gain from this training course:
- Knowledge of why and how to use a Letter of Credit
- Practical ways to prepare supporting documents
- Reduced discrepancies during the LC process
- More timely and secure payments, even from high-risk markets
Who this training course is for:
Did you know Letters of Credit aren’t limited to international use? If you’re trading with a high-risk customer, the Letter of Credit could be your solution!
Suitable for everyone involved in export operations, including export credit control and finance, documentation, shipping, export administration, sales, and order processing. It is also helpful for more senior personnel such as export and finance managers.
What this training course session covers:
- Using a Letter of Credit to safeguard payments and enter new markets
- How they work, including procedure and parties involved
- Types of Letter of Credit
- The rules: UCP 600, eUCP, ISBP
- Preparing documents, avoiding discrepancies, good practice procedures
- Putting things right
- Handling disputes
This training session is aligned to the following CICM Professional Standards:
BS 2 Business and regulatory acumen
BS 3 Know your customer/client
BS 4 Financial and data interpretation
PS 2 Problem solving and decision making
PS 5 Team working and leadership
B2 Future focused; B4 Resilient; B5 Ethical.
