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Address
Phillips Export Training
PO Box 341
Waterlooville
PO7 9DL
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Click here to Email us
Telephone
+44 (0) 2392 354 421
Fax
+44 (0) 2392 354 421
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Did you know that 50% of Letter of credit documents presented to banks are rejected? Do you know why? This rejection is a significant cost to businesses in extra bank charges, wasted time for staff and dissatisfaction for export customers. Learn to improve your skills dramatically by applying simple, step-by-step management techniques. The results? Increased company profits, personal job satisfaction and confidence.
Key Content
- What is a letter of credit? Who are the parties involved and what are the mechanics?
- Learn the differences between Revocable, Irrevocable and Confirmed Letter s of credit and when to use them.
- Discover which are the most usual types of Letters of credit - Sight, Deferred Payment, Transferable, Standby.
- Work through practical examples of Letters of credit and learn what to look out for, using a simple checklist.
- Learn the difference between drafts and bills of exchange.
- See where bills of exchange fit in and how they are drafted
- Find out the differences between bank's letters of credit and documentary collections.
- Gain practice in influencing the content of the Letters of credit with the help of an easy-to-use formula.
- Learn what to do if things go pear-shaped.
- See how the ICC's Uniform Customs & Practice for Documentary Credits and Uniform Rules for Collection (UCP600) can help you.
- Look at typical Letter of credit costs and how to minimise them
Ideal for...
- All international traders whose work brings them into contact with Letters of credit and drafts.
- Managers, accountants or administrative staff who must meet the meticulous Letters of credit demands.
- Those responsible for managing cost and risk in their business
- "Deal-makers", sales negotiators and contracts staff who may be able to influence Letter of credit content at the point of sale, to the company's commercial benefit.
What is included?
- Seminar notes
- Refreshments
- Post seminar information
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