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THE LEADING BODY REPRESENTING
THE UK INTERNATIONAL FREIGHT SERVICES INDUSTRY
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Understanding Letters of Credit

Fully booked Date(s):  Mon. 1  to  Mon. 1 Jan 1900  at 12:00 AM  for 0 Day
Venue: 
Code:          Cost - Members:  £0.00     Non Members:  £0.00

A comprehensive but simple one-day guide through the problems usually associated with paying for international trade by Letters of Credit or Bills of Exchange. This course is designed for freight clerks, supervisors and anyone involved in international trade payments.

Course Contents: 

  • Introduction covering other international methods of payment enabling delegates to position Letters of Credit from a seller's and buyer's perspective
  • Explanation of the roles and responsibilities of all parties to a Letter of Credit - the applicant, the beneficiary, the issuing bank and the advised/nominated/confirming bank
  • Practical case studies and exercises - using a template when requesting a Letter of Credit, documentary preparation and presentation
  • Letters of Credit and Incoterms
  • Letters of Credit and Transport Documents
  • Explanation of UCP600 - the rules for Letters of Credit
  • Brief insight into transferable Letters of Credit and other variations
  • Achieving a clean presentation of documents to the bank - tips on how to submit documents
  • Document checking exercise - delegates examine documents to decide whether they are clean or discrepant

 09:30 - 16:30 hours

 

Many courses are repeated during the year, to see a complete list of available dates for this course please visit the course description page for Understanding Letters of Credit



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