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Is it right for me? Suitable for anyone who wants to learn about letters of credit or who wants to improve their skills. What will I learn? By the end of this course you will be able to: Distinguish the benefits of the main forms (Irrevocable and Confirmed) and know when to use them. Use a formula to help buyers improve the content of letters of credit opened in their favour. Check in-coming letters of credit, using a reliable check-list. Appreciate how bills of exchange work with letters of credit. What will it cover? Forms of Letters of Credit Learn the difference between Revocable, Irrevocable and Confirmed Irrevocable letters of credit How to choose the appropriate form Identify the types of letter of credit Learn when to use the different types Understanding the Letters of Credit Process The parties involved The document flow The costs involved Using Letters of Credit What are the advantages and disadvantages? Understand the precise documentation demands Learn how to check an incoming Letter of Credit using a checklist How to help buyers improve the contents of Letters of Credit opened in the exporter's favour Presenting documents to the bank Dealing with discrepancies Improving Letters of Credit performance Bills of Exchange What are Bills of Exchange and who are the parties to them? When and why would you use them? Negotiating Bills of Exchange Forfeiting procedures and avalised Bills of Exchange Learn how Bills of Exchange work with Letters of Credit UCP 500 The Uniform Customs and Practice for Documentary Credits, publication 500 explained The importance to the exporter The key points contained in UCP500 and how they support the exporter Testimonial Dhiren Shah, Treasury Operations Assistant Itochu Europe PLC Provided an informative and clear understanding of the mechanics involved with letters of credit from which I have benefited immensely, the knowledge I gained is now a source of information for others.

Guide price

499