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Methods of Payment & Letters of Credit

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This one-day workshop covers the 5 main types of payment for exports, from advance payment to open account, including Sight Documentary Collection, Term Documentary Collection and Documentary Letters of Credit. It includes the use of Bills of Exchange with and without documents.

Over 75 percent 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 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 is reinforced through the use of exercises, tips on getting the credit you want and working examples of documentary credits.

Key topics:

•Examination of documents for Advance Payment, Documentary Collections and Open Account
•Types and levels of security
•What is a Letter of Credit?
•The 8 main types of Letters of Credit
•Letter of Credit administration and procedure
•Letters of Credit costs
•Letter of Credit content - getting the credit you want
•What can go wrong?
•Top tips for success every time UCP600/ISBP

Training Methods:

The trainer will use oral and visual presentation, reference to fictitious and real examples and participatory exercises to illustrate course content. The delegates will receive copies of the presentation on which notes can be made together with a workbook for future reference.

Who Should Attend:

This course is graded as entry level and is suitable for both importers and exporters.The content will be relevant to field and office based sales staff, purchasing staff, shipping and despatch personnel, accounts and finance staff, customer services, freight forwarders. No previous knowledge or experience is necessary and it will be suitable for experienced personnel who require an update on the latest rules.

Qualification criteria:

This course covers 1 module.

The Foundation Award in International Trade consists of 10 modules, identified as important elements of any overseas business development and vital for key employees involved in the fulfilment of overseas trade. To help with individual's professional development in international trade functions, achieving a merit or pass on 6 of those modules will complete the Foundation Award (NVQ Level 2).

Discounts available when booking courses for all 6 modules of the Foundation Award.

Price:

£281.25+VAT Members
£375.00+VAT Standard

Cancellation Policy:

In the event of a booking being cancelled prior to the scheduled course date, the following charges will apply:

30+ days notice = 25%
14-30 days notice = 50%
<14 days notice = 100%

Bookings can be transferred to a later date but will incur a £10 administration fee.

Key speaker: Mike Court
Co-ordinator: Rob Booth
Co-ordinator phone:~01202 714807
Type: Course
Start: Wednesday 11 Sep 2019
End: Wednesday 11 Sep 2019
Time: 09:30 - 16:30

Venue
Dorset Chamber of Commerce & Industry
Lower Ground Floor, Chamber House
Acorn Office Park
Ling Road
Poole
BH12 4NZ [View map]

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Joining Instructions
Parking: Public parking available nearby.
Nearest train station: Branksome 2.4 miles

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