Understanding and Working with Letters of Credit

This session is delivered face to face or via zoom.

A Letter of Credit enjoys various advantages in executing an international trade transaction – it gives the trading partners an ability to transact with newly established customers and offers financial security. They can be seen as a daunting way to effect payment however the document clauses against letters of credit are highly customizable to allow both parties to trade in a way that is mutually beneficial.

This session offers information on instructing your customer how to open a letter of credit giving you the confidence and knowledge that you need to be compliant with their documentary requirements.

Testimonial

"Attending the Letter of Credit session at the Chamber has really helped me progress in my job role. The session was very informative, and I met some lovely people with more experience than me who were able to provide me with tips; that I now use daily. I no longer dread letter of credits; like I used to! If you currently dread letter of credits like I did, I definitely recommend taking this course to ease your understanding" Hannah Dawson – Blackburn Chemicals

Agenda

09:30 The payment risk ladder, what are letters of credit and their importance, the parties within a letter of credit and the stages involved

10:45 Understanding the features of a letter of credit, what are the documents involved within a letter of credit, understanding UCP and ISBP, instructions to open a letter of credit, common difficulties, amendments and discrepancies

£250 per attendee