International Letters of Credit Course
A letter of credit is a legally binding agreement used to facilitate international trade for a sale between the seller and the buyer. Imagine not getting paid for your international sale! Unfortunately, it does happen. Learn to fully comply with Letters of Credit requirements to ensure that you receive payment for your shipments. Get involved in the set-up process, learn the basic terminology and significance of various documents, and learn how to prevent and handle discrepancies. Everyone involved in the international sale should learn about the Letters of Credit requirements. This will ensure that you receive payment for your shipments, get paid faster and lower bank fees. See Schedule ->
Question: Are there different types of letters of credit?
Most common types of letters of credit are:
- Irrevocable Letters of Credit
- Confirmed Irrevocable Letters of Credit
- Revocable Letters of Credit
Special types of letters of credit are:
- Standby Letters of Credit
- Back-to-Back Letters of Credit
- Transferable Letters of Credit
- Revolving Letters of Credit
- Red Clause Letters of Credit
Course Will Benefit
Employees of Exporters, employees of Importers, Purchasing, Sales/Marketing, Logistics, Traffic, Customer Service, Accounting Department, Credit Managers, Controllers, Engineering, Legal personnel.
If you are a Customs Broker or Freight Forwarder you will benefit too; you are involved with the responsibility for International Documentation, ensuring shipments are released or loaded according to the deadlines imposed in the letter of credit as well as the regulations.
Class is excellent for beginners and also serves as a refresher for experienced professionals. Instructor will level set the course based on attendees.