Letter of Credit

Our letter of credit training is appropriate for any business receiving letters of credit, from small exporters to large global corporations. Our experienced and personable trainer will give you confidence to manage letters of credit containing the most challenging of terms and provide advice and handy tips for significantly cutting administration time and bank charges.

Advanced Letters of Credit training is suitable for:

Experienced people who need a refresher and update

Sales, finance and documentation staff who need practice with live examples and an opportunity to see their challenges in a new light

By the end of this training you will be able to:

• Understand the forms and types of letters of credit.
• Devise a formula to influence the letter of credit content.
• Understand the UCP 600 rules and the opportunities it brings to your letter of credit performance.

• Minimize the significant costs and administrative time associated with letters of credit Identify the best performing banks and who to give your business to.

Who Should Attend?

• Letter of Credit specialists in banks
• Corporates
• Export-Import Managers
• Shipping & Logistics Managers
• In-house trainers
• Domain experts in technology companies

• Administrators in finance and accounting back-office activities & processing
• Administration executives
• Call centers executives.

Course Outline:

• Setting the scene – a review of your own challenges, issues and concerns
• The Letter of Credit Cycle
• Variations of Credit – Standby, Transferable, Back-to-Back, Red Clause (optional)
• Sales and Finance Team perspectives – are we working to a common goal?
• Bank Performance Guarantees (optional)
• Bank & Country Risk – Letters of Credit Confirmation
• A detailed look at the ICC rules – UCP 600
• How banks examine documents – International Standard Banking Practice (ISBP 745)
• Letters of Credit exercises
• Reviewing your own examples of L/Cs
• Checking the letter of credit upon receipt
• Identifying and reducing discrepancies
• Understanding and Reducing Bank Charges and Confirmation fees
• Document Checking Exercise
• Using Letters of Credit as a tool for Financing
• Case study on an export letter of credit
• Non-traditional payment methods