Documentary Letters of Credit

This introduction course covers the 10 main typres of Letters of Credits used in International Trade from advance payment, including Sight Documentary Collection, and Documentary Letters of Credit. It includes the use of Bills of Exchange with and without documents.

Over 75% of first presentations to banks against Documentary Letters of Credit are rejected, resulting in delayed payments to exporters, additional costs, and breached delivery deadlines. This iintroduction course is suitable for all staff who need to have a clear understanding of the procedures required to ensure payments for goods sold on documentary credit terms. Knowledge and understanding are reinforced through exercises, tips on getting the credit oyu want, and working examples of documentary credits.

Course Contents:

- What is a Letter of Credit-

- The 10 main types of Letters of Credit

- Letter of Credit administration and procedure

- Examination of documents required for presentation

- What can go wrong-

- Top tips for success every time UCP600/ISBP

- Sources of help and advice

Who Should Attend-

This course is ideal for personnel administer the documentation, sales, purchasing, dispatch, logistics, Freight Forwarders, and companies embarking into the export world. This is also an excellent refresher for those already working with Letters of Credit and for those going into new territories. Essential learning for accounts, export, and sales teams.

This course is part of the 11 British Chambers of Commerce Courses. Each course offers one credit towards the BCC Foundation Award in International Trade. You must complete 6 or more of these courses to receive the Award.