This one day course will cover every aspect of Letters of Credit, the list below is the points that will be covered in the day. 
  • The need for careful credit checking
  • The export quotation
  • A review of other payment methods – advantages and disadvantages and when they should be used
  • What is a Letter of Credit?
  • Letter of Credit administration
  • The Letter of Credit Procedure
  • Letter of Credit types and levels of security
  • Letter of Credit costs
  • The terminology, form and structure of L/Cs
  • Incoterms and L/Cs
  • The documents – an in-depth study of the specific Letter of Credit documents
  • What can go wrong?
  • Tips to ensure you get it right at all stages of the Letter of Credit transaction
  • UCP 600 considerations
  • The significance of L/Cs in the current economic climate