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Advanced Letters of Credit

Non-member price

£250.00 +VAT

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Location: Severn House, Prescott Drive, Warndon Business Park, Worcester, Worcestershire, WR4 9NE

Start: 26th Feb 2020 9:30am to 4:30pm

Description

A one day interactive workshop aimed at larger exporting companies and freight forwarders who regularly receive or handle Letters of Credit.

The workshop assumes a basic working knowledge of L/Cs and will help you to gain a deeper understanding of current ‘hot topics’ from the world of trade finance and the application of the ICC rules UCP 600.

The training is delivered by an experienced trade finance professional who will provide you with

• an insight into bank procedures
• techniques for negotiating reduced fees and
• an understanding of how to accelerate cash due from letters of credit

Who should attend?

The course is suitable for all key people involved in handling Letters of Credit, ie: export sales executives, finance teams, export managers, shipping and administrators.

Course Content:

Introduction and objectives

Current issues facing banks and traders globally

A review of the features of Letters of Credit

Uniform Customs & Practice for Documentary Credits (UCP 600)
– A comprehensive guide to the key articles
– International Standard Banking Practice (ISBP 745)
– Case studies and exercises

Mitigating Bank and Country Risk – a detailed look at confirmed L/Cs

Standby Letters of Credit
– Overview and example wording
– The rules – International Standby Practices (ISP98)

Developing a strategy for managing L/Cs
– Getting things right from the start
– Reviewing L/Cs upon receipt
– Avoiding the need for amendments and discrepant documents
– Hints and tips for dealing with the banks

Using Letters of Credit to Finance Transactions
– Understanding an exporter’s trade cycle
– Discounting and negotiation

You are encouraged to bring along copies of your own L/Cs for discussion. We can help you to formulate a strategy for managing the letter of credit process from start to finish, saving you time and money!

All delegates will receive detailed course notes (including templates and checklists) and copies of the presentation slides.

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