PROGRAMME Introductions - resume of delegates' experience with Letters of Credit Procedure for raising Documentary Credits - the theory; what information the seller needs to give the buyer and why. Rules governing Letters of Credit - UCP 600 and ISBP681 Types of Letters of Credit - irrevocable and confirmed; transferable, back to back, revolving credits. Bank Charges - discussion of the merits of unconfirmed/confirmed; importance of costing before L/C terms agreed; how to get the best out of amendments. Checklist in receipt of Letters of Credit - highlighting problem areas; how best to deal with any problems. Conditions to be met on L/Cs - latest shipment date; latest date for presentation; expiry date; place; latest date for negotiation. Presentation of documents to bank in accordance with Letters of Credit - Discrepencies, the most common ones and how to avoid them Bills of Exchange - how to draw them up; practical exercise; how to get paid early on term bills; how to offer customer cheap finance through term bills. PRACTICAL EXERCISE Questions End of Course The course is scheduled for 3 hours duration and may be run on either a composite or `in-company` basis.. |
