This course is suitable for those working in International Trade and are involved in the management and presentation of Letters of Credit.The course provides an overview of all methods of payment when trading Internationally to include the risks and benefits involved. It will then concentrate on the Letter of Credit aspect guiding you through the rules of managing a letter of credit, making sure documents are compliant and payment is successful.Course Objectives:Foreign Currency Transaction MitigationMethods of Payment - risks and benefits- Advance Payment- Documentary Collection- Open Account- Letter of CreditThe Letter of Credit Process- Terminology- LC Types- UCP 600 Rules- Management and Presentation of the Letter of CreditIncoterms 2020Shipping DocumentsBest Practice for L/C's - Hints and TipsPrices are Inclusive of VAT.