Letters of Credit

Oak Tree Management & Training Ltd.
Birmingham, Bristol, Cambridge, Edinburgh, London, Manchester, Newcastle, Nottingham, United Kingdom

Course Format: Classroom | E-learning | Virtual Class | Online/Live | On-site/In-house | Blended | Self-paced

Course Description:

'' Over 50% of submissions to banks under Letters of Credit fail on first presentation, causing havoc in the cash flow of exporters nationwide. This is due to lack of experience or understanding in handling these very effective export payment instruments. Delegates will receive an update on the latest techniques and practices to assist all those involved in preparing and presenting Letters of Credit in format acceptable to the banks. The result will be a speedier payment for your exports and improved cash flow.

Course Contents

Types of documentary credit/procedure flow

Uniform customs and practice (ICC 600) for letters of credit and recent revision

How to guide customers opening Letters of Credit and how to check the Letter of Credit on receipt

Amendments

ICC International Standard Banking Practice Protocol

Preparation of documents

Checking and presenting documents (including electronic presentation)

Practical exercise in checking a Letter of Credit on receipt and preparation of all documents required

What to do if things go wrong! How to handle discrepancies and reduce payment delays ...''

Elements of this syllabus are subject to change.

Phone:(01284) 763040

School Address/Venue(s):

Park Farm Business Centre
Fornham St Genevieve
Bury St Edmunds
Suffolk
United Kingdom
IP28 6TS

Jobs & Resumes: Birmingham, Bristol, Cambridge, Edinburgh, London, Manchester, Newcastle, Nottingham
Houses & Roommates: Birmingham, Bristol, Cambridge, Edinburgh, London, Manchester, Newcastle, Nottingham
Travel Agencies: Birmingham, Bristol, Cambridge, Edinburgh, London, Manchester, Nottingham

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