Letters of Credit Course
Full Day Course
Getting paid in full and on time is the ultimate goal for each export sale, which is why in this Letters of Credit course we will discuss payment methods for your international trade transactions.
Explore International Trade Payment Methods
This Letters of Credit Course will explore several payment methods, and different types of Letters of Credit, and understand 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.
Letters of Credit are no simple task. It’s all in the details. Learn to master how to utilize Letters of Credit to fully comply and avoid payment delays and not to mention additional banking fees! Learn what bankers are looking for and how to avoid mistakes.
Full Day
Two 15 min breaks // 1 hr lunch
$595–$645
Price is per person
Webinars: 8:30am-4pm CT $595
Seminars: 8:30am-4pm Local Time $645
Course Features
Small Class
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.
Book Included
With this course, you will receive a free reference book. This will benefit you far past the course.
Certification
With this interactive course, you will receive a certificate of completion and a digital badge.
Credits
You may earn education credits for completing this course. See details
Learn more about our course
Download Letters of Credit Course Agenda ⬇️
Letters of Credit Course Agenda
8:30 a.m. to 4 p.m. – Seminar
8:30 a.m. to 4 p.m. (Central Time) – Webinar
Reference book Letters of Credit in International Trade: A User’s Guide
I. RISKS TO INTERNATIONAL TRADE PAYMENTS
• Risk mitigation
II. METHODS OF PAYMENT
• Cash in Advance, Collection Basis, and Open Account
• Consignment, Credit Card
• Countertrade and Barter
III. DEFINITIONS OF LETTERS OF CREDIT
• Commercial Contract vs. Letter of Credit
• Types of Letters of Credit
• Documentation
• Fees Associated with a Letter of Credit
• Standardization of Letter of Credit
IV. IMPORT LETTERS OF CREDIT
• Application and Agreement
• How to Fill Out the Application
• Conditions of the Credit
• Negotiation for Payment
• Case Study
V. EXPORT LETTERS OF CREDIT
• 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
VI. SPECIAL TYPES OF LETTERS OF CREDIT AND TRADE FINANCE
• 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
VII. UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS
• UCP 600
• eUCP Version 2.0
• International Standby Practices ISP98
- Webinars: 8:30AM-4:00PM CT [Reference book will be shipped to you]
- Seminars: 8:30AM-4:00PM Local Time [You will receive reference book in class]
Two 15 Minute breaks AM/PM
1 hour lunch (around noon)
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.
If you cancel 30 days in advance of an event, you will receive a fund refund. To read entire Policy, click here
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