CourseAdvanced Letters of Credit
Course Details
Venue: Commerce House, Festival Park, Stoke-on-Trent, ST1 5BE
Time: 9.30-4.30
Course Objectives: This highly interactive workshop is aimed at large exporting companies who regularly receive or handle Letters of Credit (L/Cs). It assumes a basic working knowledge of L/Cs and alternative payment methods such as Documentary Collections and Bills of Exchange. The course will initially revisit the basic principles of Letters of Credit going on to develop a greater emphasis on the application of the ICC governing rules (current version UCP 600) and International Standard Banking Practice (ISBP).Delegates will get the chance to review recent ‘real life' L/Cs as case studies and as a basis for discussion and practice. Course outline:
- The current marketplace & issues
- Review of L/C features
- The roles of the banks
- L/C Availability and Negotiation
- The Application of UCP600 and ISBP
- The UCP articles
- Case studies and exercises (including a review of recent/current examples of L/Cs)
- Mitigating bank and country risk (confirmation - open & silent)
- Commitment to negotiate unconfirmed L/Cs
- Standby Letters of Credit
- Variations of Letters of Credit
- L/Cs and Performance Bonds
- Getting the best deal from the banks
- Online services and pricing
- L/C Financing
Course Materials:
All delegates will receive a copy of Uniform Customs and Practice for Documentary Credits (UCP600), as well as detailed course notes, including presentation slides, case studies and exercises.
Course Details
Course Date: 19 September 2012 Cost For Members: £185 + VAT Cost For Non-Members: £230 + VAT
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| 26 | 27 | 28 | 29• Debt Collecting by Telephone • OCN Procedures & Operations in International Trade - POINT |
30• BCC Import Procedures |
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