Finance Options: Focusing on Letters of Credit
Date & Time: 30/09/2019 9:30 am - 4:30 pm | Location: Bedfordshire Chamber of Commerce
FULLY BOOKED – PLEASE CONTACT 01582 522448 FOR NEW DATES
Getting paid is a vital part of the sales transaction, so join us to explore the options, and reduce the costs involved in receiving payment. Understand how to improve your security of payment and the roles of the banks, so you realise how you can influence the speed of the movement of the money. We’ll help you understand the intricacies of both Credit and Collection transactions, so you can appreciate how to control your goods with your documents. Delegates will learn why, when & how to use Documentary Letters of Credit (L/cs). This Master Class will guide you through the complexities of L/c rules & regulations (UCP600), so you can be proactive in instructing your customer to encourage L/c clauses that work for you. The role of Documentary Collection will also be explained, as well as Sight & Term Drafts, plus Discounting. Practical tips are offered throughout the session, as well as real‐life examples.
- L/c Formats & Types, Irrevocable & Confirmed
- Opening & Advising Procedures, Presentation of Documents & Time Constraints
- L/c Receipt & Checking & Amendments
- Sight & Term, Reimbursement
- Part Shipment, Stage Payment, Service L/cs
- L/c Types, including Back to Back, Transferable, Revolving, Standby
- UCP 600 Customs & Practice for Documentary Credits
- Documentary Collections, Consigning, Protesting
- UCP522 Rules for Documentary Collections
If you wish you can bring your own L/c examples to the course, giving you an opportunity to discuss your own experiences and horror stories!
Bookings are closed for this event.