Letters of Credit
Letters of Credit
In a globalised world, export provides a vastly expanded marketplace and better spread of risk. International payment systems such as the Letter of Credit allow safe trading provided the rules, processes and responsibilities are fully understood and applied. Avoid inaccurate information, by choosing this training for professionally delivered, up to date information that aligns with international best practice.
What You'll Gain From This Course
Practical outcomes you can apply immediately in your role
More timely and secure payments, even from high-risk markets
Reduced discrepancies during the LC process
Practical ways to prepare supporting documents
Knowledge of why and how to use a Letter of Credit
Who Is This Course For?
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 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
Aligned to CICM Professional Standards
This training session maps to the following professional competencies
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