This Institute of Export accredited course should help delegates to understand the role and structure of a Documentary Letter of Credit or Bill of Exchange (draft) and the circumstances in which they should be used.

Exporter and Importer will have different objectives and expectations from the Letter of Credit and the course will consider these objectives and how they can be achieved to the satisfaction of both parties.

The course will also seek to enable delegates to take appropriate measures to achieve the required accuracy of documentary submission and to understand the options available for the negotiation of documentary credits and drafts.

Topics Covered:

· Finance for overseas trade

· Uniform Customs and Practices

· When should letters of credit be used

· Letter of credit procedures

· What is a letter of credit?

· Amendments and extensions

· Documentary credit terminology

· Charges and commissions

· How do documentary credits work?

· Discrepant documents

· The importance of the sales contract

· Types of credit

· Conditions and restrictions

· Bills of Exchange (drafts)

· Documentary requirements

· Documentary collections

· Confirmation of credits

· Negotiation of drafts and credits

· The options available for international trade payments

· Understand terminology, structure and content of a letter of credit

· Identify source of the documents and how they should be completed

· Learn different types of credits

The course will be suitable for personnel from sales, customer service, shipping and despatch, finance and accounts, freight forwarders from both importing and exporting companies. No previous knowledge or experience is necessary.

South Hampshire Regional Business Centre, Harts Farm Way, Havant, Hampshire PO9 1HR

3rd November 9.30am - 4.30pm

Portsmouth and SE Hampshire Chamber of Commerce & Industry.

Peter Thompson

£275 + VAT

Lunch, refreshments, materials, certificate of attendance.