| Start Date | End Date | Country | City |
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+966 920007771
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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
Outlines
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 Days
