- Date:
- 29th July 2010 - 09:30 - 16:30
- Location:
- Aykley Heads, Durham
- Cost:
- £195:00 members/£245:00 non members (ex VAT)
- Website:
- NECC
- Funding Sector
- All
- Organiser
- NECC
Want to sign up to this event?
Sign upThis course is designed to give delegates essential practical guidance to ensure that they are paid for their exports under a letter of credit on first presentation of documents and the confidence to talk to the banks effectively. The format is relaxed and informal and the tutor will be pleased to answer any questions you may have.
Who should attend this course?
Export sales managers and staff; shipping department managers and personnel; finance department staff; freight forwarders
Course programme
1. Introduction
1. What is a letter of credit?
2. The letter of credit process
1. The sales agreement and purchase order
2. Opening bank and advising bank responsibilities
3. Why use a letter of credit
1. Bank functions
2. Confirmation
4. Terms and conditions
1. UCP 600
2. Step by step look at a letter of credit
5. Practical exercise - preparation of documents
6. Presenting to the bank
1. Checklist
2. Discrepancies
7. Assignment of proceeds
8. Transferable letters of credit
