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Letters of Credit Course

Full Day Course

Getting paid in full and on time is the ultimate goal for each export sale. In this course you will discuss payment methods for your international trade transactions.

Explore International Trade Payment Methods

Explore several payment methods and find the best suited to your needs. You will learn the basic terminology and significance of various documents, and learn how to prevent and handle discrepancies.  This Letter of Credit course will help ensure exporters receive payment for their shipments, get paid faster, and reduce bank fees. Importers will learn about their suppliers’ documentary requirements.


Download Importing 201 Course Agenda ⬇️

8:30 a.m. to 4:00 p.m. – Seminar
8:30 a.m. to 4:00 p.m. (Central Time) – Webinar
Reference book Letters of Credit in International Trade: A User’s Guide



  • Risk mitigation



  • Cash in Advance, Collection Basis, and Open Account
  • Consignment, Credit Card
  • Countertrade and Barter



  • Commercial Contract vs. Letter of Credit
  • Types of Letters of Credit
  • Documentation
  • Fees Associated with a Letter of Credit
  • Standardization of Letter of Credit



  • Application and Agreement
  • How to Fill Out the Application
  • Conditions of the Credit
  • Negotiation for Payment
  • Case Study



  • Opening and Advising an Export Letter of Credit
  • Unconfirmed Letter of Credit: Bank Specified
  • Steps in Reviewing and Export Letter of Credit
  • Obtaining Payment
  • Assignment of Proceeds
  • Case Study



  • Standby Letters of Credit
  • Evergreen Clause
  • Revolving, Back-To-Back, Transferable, and Red Clause Letters of Credit
  • Using Banker's Acceptances
  • Export Working Capital Financing
  • Woking Capital Loan Programs
  • Factoring
  • Forfaiting
  • Foreign Exchange Risk Management
  • Purchase Order Financing



  • UCP 600
  • eUCP Version 2.0
  • International Standby Practices ISP98

Full Day

Two 15 min breaks & 1 hour lunch

$ 595-645
Per Person
  • Webinars: 8:30AM-4:00PM CT
  • Seminars: 8:30AM-4:00PM Local Time
Location Date
Webinar Feb 28th
Chicago, IL Mar 7th
Webinar Apr 12th
Houston, TX May 16th
Webinar Jun 7th

Course Features

Small Class Size

This means there is more time for you to grow and get the knowledge and answers you need to succeed. We highly encourage participation and questions throughout the class.

International Trade Book

With this course you will receive a free reference book shipped directly to you. This will benefit you far past the course.

Certificate & Credits

With this interactive course you will receive a certificate of completion and a digital badge. You can also earn your education credits.

Webcam for Webinars

All attendees are required to have a working webcam for our webinars. This allows us to create an interactive space for your learning advantage.

You ask, we answer

If you have any other questions, we are here to help. Contact us! 

  • International trade presents risks, which may cause uncertainty over the payments between the exporter (seller) and importer (buyer).
  • For exporters, any sale is a gift until payment is received.
  • Exporters may not attract buyers if they expect to be paid in full in advance.
  • For importers, any payment is a donation until the goods are received.

The Different Types of Letters of Credit

Most common types:
  • Irrevocable Letters of Credit
  • Confirmed Irrevocable Letters of Credit
  • Revocable Letters of Credit
Special types:
  • Standby Letters of Credit
  • Transferable Letters of Credit
  • Revolving Letters of Credit


In our Letters of Credit course, the instructor will guide you through the process of reviewing letters of credit using checklists and sharing sample documentation prepared for the letters of credit examples in the reference book included with course. The review and the samples are supplemented by the International Chamber of Commerce’s rules for letters of credit known as UCP 600. These are the rules the evaluating banker will use to determine whether or not there are discrepancies in the documentation presented to the bank. If the bank determines there are discrepancies, of course there are delays and fees imposed by the bank.

This practical approach to examining letters of credit in the context of an export sale or an import purchase order has been found to be very useful to those who have attended. Throughout the day, our instructor will answer your questions as well as provide you with an in-depth review of how to structure a letter of credit to you and your firm’s advantage. Each letter of credit is unique, each banker’s approach to reviewing your documentation is unique even though there are uniform rules to be used to evaluate letter of credit documentation. Learn about the rules and the language that can protect your firm and save you time.

Learn to comply with export and import Letter of Credit requirements to ensure prompt payment for your shipments or documentation needed for your import transaction. Learn why a bank could declare a document discrepant when a number has been rounded up (or down)!

Plus, discuss:

    • Selecting the most appropriate payment method for your company, and
    • Compare costs and risks of various Letter of Credit options

Included in every registration is a detailed reference book with export and import letter of credit examples, checklists, documentation samples, and rules. The rules are used by banks to decide whether or not to pay the seller based on the documentation submitted:

    • Uniform Customs & Practice for Documentary Credits (UCP 600)!
    • International Standby Practices (ISP98) for standby letters of credit

Our Letters of Credit Course Will Benefit Importers and Exporters

✔︎ Our Letter of Credit course is excellent for beginners and serves as a refresher and update for experienced professionals. Our instructor will set the course level based on attendees’ needs.

✔︎ Previous attendees work in the following areas: Employees of Exporters and Importers who are involved in Purchasing, Sales, Marketing, Logistics, Traffic, Shipping, Customer Service, Accounting, Credit Managers, Controllers, Business Support Specialist, International Managers, Engineering, and Legal personnel will benefit from this course.

✔︎ Learn how to communicate with your Customs Broker or Freight Forwarder regarding your import or export transaction under a letter of credit.

✔︎ Are you a Customs Broker or a Freight Forwarder? If yes, then learn about your customers’ obligations regarding documentary requirements and time limits imposed on them stated in a letter of credit.


* Small Class Size – Time for discussions / Q&A

* Live INTERACTIVE We encourage class participation! You may ask questions throughout the session.

* Book included in price – Great reference to keep at your desk!

* Earn continued education credits (approved for NCBFAA & NASBITE)

* Best in-class Instructors, with real-world experience, which means they can relate to your issues

You can read about our cancellation policy and transferring here 

Read everything you need to know about  education credits here 

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Become One of Our Hundreds of Happy Customers!

We love receiving feedback from our clients! This way we can stay on top of our service and provide you with the knowledge you need to succeed in the industry.

“This will allow us to collect international payments much faster. This is very important for us as it is such a large percent of our total business”

    My role basically receives LC’s and pass along to our Accounting Department for approval. Only later do I get involved with documentation to avoid discrepancies. Now that I’ve had this training I no longer fear the LC and will have a better understanding of how to prepare the correct documentation. The instructor did a wonderful job of getting all of the participants involved. – International Sales Support Representative”

      This class will be a huge help in modifying the LOC instructions and check lists to send out organization wide.”

        Our Customers That Care About Compliance