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 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:

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.