Documentary Letters of Credit & Methods of Payment

Documentary Letters of Credit & Methods of Payment

International Trade
Date: Tuesday 12 November 2024
Time: 09:30 AM - 03:30 PM
Speaker: Sue - Exporter Services

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 Mitigation
Methods of Payment - risks and benefits
- Advance Payment
- Documentary Collection
- Open Account
- Letter of Credit
The Letter of Credit Process
- Terminology
- LC Types
- UCP 600 Rules
- Management and Presentation of the Letter of Credit
Incoterms 2020
Shipping Documents
Best Practice for L/C's - Hints and Tips

Prices are Inclusive of VAT
Sue Wright
Sue began her international trade career over 30 years ago as a junior shipping clerk for an engineering and manufacturing company. Inspired by her work she quickly progressed and saw this as a career path going on to study to post graduate level with The Institute of Export. She moved on after several years to take up a shipping manager role for an engineering company. The work involved project managing contracts of supply and delivery across the world and working with Letters of Credit for payment. There were multiple parties involved in the cross-trade movements with Customs and HMRC compliance being paramount. Some of this work involved Special Import Procedures, Import Licences and Controls of various items. In 2010, with this vast amount of knowledge, Sue started Exporter Services and delivers courses in various areas of International Trade.

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