International Letters of Credit Course
A letter of credit is a binding agreement used to facilitate payment through a bank for an international trade, a sale between the seller and the buyer.
Imagine not getting paid for your international sale through a letter of credit! Unfortunately, it happens.
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)!
Learn the basic terminology and significance of various documents, and learn how to prevent and handle discrepancies. Everyone involved in the international sale or purchase will benefit from this Letter of Credit course. 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. 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!
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