This half-day workshop covers the 5 main types of payment for exports, from advance payment to open account, including Documentary Collection and Documentary Letters of Credit.
Over 50 percent of first presentations to banks against documentary letters of credit are rejected, resulting in delayed payments to exporters, additional costs and breached delivery deadlines.
This course is suitable for all staff who need to have a clear understanding of the procedures required to ensure payments for goods sold on documentary credit terms. Knowledge and understanding are reinforced through the use of exercises, tips on getting the credit you want and working examples of documentary credits. Essential learning for accounts, export and sales teams.
Contents:
Different types of payment from advanced payment to open account
Consignment Payments
Documentary Collections
Foreign Currency Transactions
Shipment Insurance
Performance Bonds
What is a Letter of Credit?
The different types of Letters of Credit
What is UCP600?
Letter of Credit administration, procedures, content and costs
What can go wrong?
Top tips for success
Terminology
Price :
Members £199 + VAT Non Members £399 + VAT Time:
13:30 - 16:30
Venue:
North and Western Lancashire Chamber of Commerce
9-11 Eastway Business Village
Olivers Place, Fulwood, Preston Pr2 9WT
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