Documentary Letters of Credit - a On-Line BCC accredited training course

Date and Time

Thursday May 2, 2024
9:00 AM - 12:30 PM BST

Location

On-Line via MS Teams
Devon & Plymouth Chamber of Commerce

Unit 5 Derriford Business Park Plymouth UK pl6 5qz

Fees/Admission

Cost
Standard £250 + VAT

Associate Member £195 + VAT

Contact Information

nick.byrne@devonchamber.co.uk
Send Email

Description

Documentary Letters of Credit

Description

This introduction course covers the ten main types of Letters of Credit used in international trade from advance payment, including Sight Documentary Collection, 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 introduction 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 the use of exercises, tips on getting the credit you want and working examples of documentary credits.

Course Contents:

What is a Letter of Credit?
The ten main types of Letters of Credit
Letter of Credit administration and procedure
Types and levels of security
Letters of Credit costs, Letter of Credit content - getting the credit you want
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 who administer the documentation, sales, purchasing, despatch, 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.

Accredited Training

Our 2024 courses are accredited by British Chambers of Commerce (BCC) and together form a curriculum that provides invaluable basic skills for small and large companies alike. Candidates must demonstrate knowledge of the subject and their performance will be marked by external examiners on the completion of each module. Candidates will receive a certificate for each module successfully completed, and achievement of six credits will result in the candidate obtaining a nationally recognised Foundation Award.

That’s why we offer high quality training courses for first time and existing exporters that cover the critical steps for any new export drive.

A Foundation Award in International Trade is awarded on the completion of six modules.
Book six courses at the same time and receive a 10% discount.