COURSE NAME:Letters of Credit


UPCOMING EVENTS


START DATE END DATE CITY/COUNTRY PRICE Request
This course can be scheduled at your convenience, to request this course please click here
INTRODUCTION:

Are you regularly receiving or handling Letters of Credit from customers in new or challenging markets?

Our popular in-house Letter of Credit training courses are appropriate for individuals, small or larger groups of up to 10 people. We work with clients based in the KSA and globally.

OBJECTIVES:

 

Your key people will receive training delivered in a highly interactive, practical and engaging format delivered by experienced practitioners in Letters of Credit, enabling you to

  • negotiate the most favourable Letter of Credit terms for your business
  • select the most suitable banks to handle your Letter of Credit documents
  • accurately factor the costs into your selling price
  • minimise the need for costly amendments
  • prepare Letter of Credit documents which comply with the most challenging of terms
OUTLINE:

 

A Letter of Credit training course will benefit all key personnel engaged in the Letters of Credit process, including Export Sales, Project Managers, Export Administrators, Finance, Customer Services and Shipping.

The following topics are covered:

  • A review of methods of international payment
  • Documentary Collections & Bills of Exchange
  • What is a Letter of Credit?
  • How Letters of Credit work
  • Understanding the jargon - L/C terms and expressions
  • How to request a workable Letter of Credit from your customer
  • Confirmed Letters of Credit - why use them and what are the cost implications?
  • Using L/Cs to decrease DSO (days sales outstanding)
  • Letter of Credit bank charges - calculating and minimising costs!
  • How to deal with the banks - handy hints and tips
  • Common problems and discrepancies... and how to avoid them
  • Understanding the rules - UCP 600
  • Techniques for preparing and presenting documents to the bank
  • Checking the documents - what the bank is looking for!
  • Discrepancies - what to do if things go wrong!
  • Letter of Credit examples and exercises*
WHO SHOULD ATTEND:

People who related  with following fields :

Sales, Project Managers, Export Administrators, Finance, Customer Services and Shipping.

DURATION:
    • 5 Day(s)
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    The presentation is generally appealing to me. The dedication & devotion of the instructor are both laudable & admirable.
    Mohammed F. Alotaibi
    Sabic

    Really this course is important for any inspector, so I will recommended it for our employees. And thanks a lot!
    Ahmed Al-Yami
    Sabic

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    Ahmed Afifi
    Al-Zamil CoolCare

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    Sabic

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    Talal Saad AlHasawi
    Sabic

    ITC service was in overall excellent. Thanks.
    Wael M. Morsy
    Mobily

    This course was good and a nice guide to the PMP exam. Thanks.
    Yazeed Mohamed Mreki
    General Authority of Civil Aviation (GACA)

    It was good course & good preparation with excellent instructor. Thanks a lot.
    Faisal Mahdi Al-Qahtani
    Sabic

    It was a nice course to have. I suggest taking this course with the same instructor to other people. Thanks for the instructor for his kindness & helfull during the course.
    Abdul-Moniem Al-Humoud
    Sabic

    It is very important course, which enable us to improve our knowledge to work approaching our big account and can be recall us the key account. This is will support us to active result for the best of the Co.
    Mohammed Amjad
    Al-Suwadi Services

    The instructor is highly and technical knowledgeable in explaining all the subject in the course taken.
    Noel V. Garan
    Coldstorec Group Of Saudi Arabia

    Instructor was well prepared and knowledgeable I gain lot of useful information.
    Gulam Khan
    Saudi Aramco

    It was a good learning experience. Got to know the concept involved in key account.
    Muthuraman Nachiappan
    Al-Suwadi Services

    The instructor Mr. Ahmed Sabry has a very nice spirit.
    Salam Fakhoury
    Al Khodari Company

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    Mohammed Rashed Afifi
    Al Khodari Company

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    Muzammil Hayat
    Al Khodari Company

    The instructor is very knowledge and hard working, his way of teaching is very good.
    Ibrahim Darwish
    Al Khodari Company