Thames Valley COCI - Dealing with Letters of Credit
Overview
This course explains the mechanics, terminology and sequence of events. Understanding this will considerably improve your success rate.
At the end of the course you will be able to influence the setting up of manageable L/Cs and to process them with increased confidence and accuracy.
Description
Letters of Credit (L/Cs) allow successful trade with the riskiest of customers and countries, by providing a bank's guarantee of payment; however, they can prove a minefield for the uninitiated. You enter a curious world where all that matters is a set of export documents and errors can prove disastrous.
What does it cover?
Defining the Letter of Credit - what is it and how does it work?
Who does what? - the people and functions involved
Differences between irrevocable and confirmed L/Cs
Different types of L/Cs
Advantages and disadvantages
Bills of Exchange and where they fit in
Why the documents are so important, and practical steps if things go wrong
Improving the content of L/Cs
The governing rules - the ICC's 'UCP' publication 600
Key Objectives
Benefits and outcome
Understanding how Letters of Credit can work successfully will improve your success rate, leading to a 'right-first-time' presentation of documents, reduced bank charges and, above all, increased customer satisfaction.
Who should attend?
Whether you are facing your first Letter of Credit transaction, or you know how tricky they can be, this course will prove invaluable.
Location
Thames Valley Chamber of Commerce
467 Malton Avenue
Slough
Berks, SL1 4QU
Organiser
Thames Valley Chamber of Commerce
Pricing
£500 Non-Members
Chamber members £375
Included in the price
Course material, lunch and refreshments throughout the day.
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Waybill House, 1 Fitzhamon Court, Wolverton Mill,
Milton Keynes, Bucks, MK12 6BA
Tel: 01908 221162 Fax: 01908 313800
Email:
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