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Letters of Credit - BCC Accredited - Nottingham

Host: East Midlands Chamber
Venue: Nottingham Office
Date: Tuesday 13th November, 2018
Time: 9.30am - 16.30pm
Cost: Member £260 + VAT - Non Member £350 + VAT

Documentary Letters of Credit

This one day seminar provides a detailed information on how to be pro active in opening a letter of credit, how to work with the documents and present to the bank correctly. The course is designed for staff within the organisation that are exposed to Letters of credit not only from an admin point of view but for Sales and Purchasing departments too.

Workshop programme in detail:

Topics covered include:
Why we use them?, What can go wrong, How to prevent errors, A review of payment risk and the Payment Risk Ladder, methods of payment including where letters of credit feature in the risk ladder. Types of Letters of Credit, The parties involved and their roles and responsibilities, The role of the Issuing, Paying and Confirming Banks, An introduction to the rule book - UCP 600, Overview International Standard banking practice book (ISBP), The Banks doctrine of strict compliance, How to prepare documentation, Check lists, Practical exercises relating to UCP 600 and preparing Documents.

Course outcome:

To have a clearer understanding of rules and regulations around Letters of Credit, and to gain confidence and experience preparing documentation

Who should attend:

It is ideal for personnel who administer the documentation, sales, purchasing, despatch, logistics, Freight Forwarders and companies embarking into the export world. Excellent refresher for those working with L/C's already and for those going into new territories.

Course delivery:

This one day workshop is delivered in a board room style environment from the Chambers modern training facilities and is limited to a maximum of 15 delegates. Lunch and refreshments are provided as part of this workshop and there is no requirement for delegates to bring any stationery or IT equipment.

About the trainer:

Has been training for many years and has practical experience in many aspects of International Documentation and processors.

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