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Letters of Credit and Methods of Payment

Tuesday, 11 October 2022 - 9:30am to 4:00pm

Overview

The course provides an overview of all methods of payment when trading internationally to include the risks and benefits involved. It will then concentrate on the Letter of Credit aspect guiding you through the rules of managing a letter of credit, making sure documents are compliant and payment is successful.

Topics

• Foreign Currency Transaction Mitigation
• Methods of Payment – risks and benefits

  • Advance Payment
  • Documentary Collection
  • Open Account
  • Letter of Credit

• The Letter of Credit Process

  • Terminology
  • LC Types
  • UCP 600 Rules
  • Management and Presentation of the Letter of Credit

• Incoterms 2020
• Shipping Documents
• Best Practice for L/Cs – Hints and Tip


Booking:

Open to Fife Businesses only


This course is funded by InvestFife therefore places are FREE but limited to one person per company.  Numbers are limited and on a first come first served basis. Please contact Morag Durie to book this course at moragdurie@fifechamber.co.uk

Places are limited to 1 person per company. This course will be delivered online via Zoom, you will need a PC with camera and microphone. To book please click here