Methods of Payment including Letters of Credit – A Practical Guide

12 Dec
  12th December 2019
  9:30am to 4:30pm
  Shropshire Chamber of Commerce

This one day course will review and discuss the various methods of payment including Letters of Credit in a practical and informative format.

This course will cover:

  • Methods of Payment
  • The Risk Ladder
  • Foreign Currency Transaction Mitigation
  • Advance Payment, Documentary Collections & Open Account
  • Incoterms® 2010 & their interaction with L/Cs
  • How the Letter of Credit works – Management & Presentation
  • Advantages and Disadvantages
  • Types of L/Cs
  • Understanding the Rules (UCP600) and ISPB
  • Documentation
  • Insurance
  • Best Practice for L/Cs – Hints and Tips
  • Preparing Documentation