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Events

During the Covid-19 outbreak, the Chamber is offering a range of digital events and webinars to support business.

Events
Letters of Credit - methods of payment

Letters of Credit - methods of payment

@ Edinburgh Chamber of Commerce Delivered Online Edinburgh Midlothian EH2 2LE

1st October, 2020 09:30-16:30 Training 250.00-440.00
This course is included in our three courses for the price of two offer, on all international courses. 

Course Overview:

Make sure your letter of credit is not rejected due to discrepancies and understand the benefits of each method of payment.

Approximately 70% of documentation presented to banks for payment against letters of credit is rejected because of various discrepancies. This course will explain best practice procedures which when applied will ensure letters of credit are paid first time every time. Delegates will have the opportunity of negotiating a specially designed letter of credit in the safe environment of the training course. Upon completion, delegates will be fully aware of the workings and requirements of letters of credit along with the best practice procedures required for successful negotiation. The documents commonly called for under letters of credit will also be understood.

What will you learn?
  • What is a letter of credit?
  • Who is involved in establishment?
  • Analysis of letter of credit & the steps involved
  • Compare export payment methods
  • Various letter of credit types
  • Documents commonly required
  • UCP 600 explained
  • Best practice check list procedure
Who is it for?

All administrative staff involved in the letter of credit process. Senior financial managers and finance directors.


Course Director: Sue Grewcock

Exam
There is an optional exam (open book) at the end of the course, this is marked by the British Chamber of Commerce (BCC) and gives a certificate of competence. These exams (on passing 6 subjects) will lead to a BCC Foundation Award in International Trade which is equivalent to a SVQ qualification.


 

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