Documentary Letters of Credit & Methods of Payment

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.