Letter of Credit: Documentation and Procedure

Course Objectives

• Understand key concepts of Letter of Credit
• Learn the proper handling procedures from sending offers to receipt of payment
• Learn from others’ costly documentation mistakes without paying a high price for it
• Benefit from proper procedures and more professional documentation to reduce discrepancies and to increase the chance of receiving payment promptly
• Implement internal control and procedures to minimize documentation risk

Target Audience

This course is specially designed for those who are involved in frontline business sales, marketing, purchasing and supply, credit control, supply chain, finance and administration

Methodology

The program is will maximise learning through lectures, exercises and case studies

Course Modules

Module 1: International Trade Risk and the Value of Letter of Credit
Module 2: The Letter of Credit
Module 3: Types of Letter of Credit and their Uses
Module 4: The Steps in Establishing a Letter of Credit
Module 5: How to Reduce Discrepancies in Documentation
Module 6: How to Minimize Documentation Risk