Letters of Credit
6.5 Hour Course
6.5 Hour Course with two 15-min breaks & 1hr lunch
Webinars
$595 (Webcam required)
8:30AM – 4:00PM CT
Explore Letters of Credit & International Payments, Learn Key Terminology
Perhaps the most important document to learn about in Trade Financing is the Letter of Credit. The document follows the Uniform Customs and Practice for Documentary Credits (UCP 600), but “uniform” is not its middle name. The uniformity occurs with the objective of the document, but they generally never look alike. Working with Letters of Credit can be a complex task that requires great attention to detail.
This course specific to the trade industry on Letters of Credit will cover various payment methods and types of Letters of Credit to help you choose the best option for your needs. You will learn the basic terminology and significance of various documents, and learn how to prevent and handle discrepancies. We will also provide an overview of the rapidly changing market in order to keep you and your customers ahead of these trends and opportunities.
Exporters will learn to receive payment for their shipments, get paid faster, and reduce bank fees. Importers will learn about their suppliers’ documentary requirements. It accommodates both beginners and experienced learners, with instructors providing a level set to align understanding and maximize learning outcomes.
5 Ways Letters of Credit Can Help Your Business Right Now
- Risk Mitigation:
LCs protect both importers and exporters by ensuring secure payments and reliable delivery, reducing the risks of nonpayment or non-delivery. - Expanding to New Markets:
Enter high-risk or unfamiliar markets confidently, with LCs providing financial protection for international trade, even in volatile regions. - Secure Payments for Complex Supply Chains:
Ideal for industries like aviation, healthcare, and IT infrastructure, LCs ensure compliance and secure transactions for high-value or regulated goods. - Managing Trade-War Tariff Challenges:
Use Standby LCs to address bond insufficiencies, customs requirements, and stacked financial obligations caused by tariffs. - Financing Purchases Amid Cost Increases:
LCs enable businesses to manage higher costs due to tariffs by providing flexible and secure payment options for transactions.
Learn about Letters of Credit & International Payments Today!
Scheduled Dates
Topic | Cost | Quantity | Add to cart | |
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| $595.00 |
Reference book included: Letters of Credit in International Trade: A User’s Guide
I. RISKS TO INTERNATIONAL TRADE PAYMENTS
• Risk mitigation
II. METHODS OF PAYMENT
• Cash in Advance, Collection Basis, and Open Account
• Consignment, Credit Card
• Countertrade and Barter
III. DEFINITIONS OF LETTERS OF CREDIT
• Commercial Contract vs. Letter of Credit
• Types of Letters of Credit
• Documentation
• Fees Associated with a Letter of Credit
• Standardization of Letter of Credit
IV. IMPORT LETTERS OF CREDIT
• Application and Agreement
• How to Fill Out the Application
• Conditions of the Credit
• Negotiation for Payment
• Case Study
V. EXPORT LETTERS OF CREDIT
• Opening and Advising an Export Letter of Credit
• Unconfirmed Letter of Credit: Bank Specified
• Steps in Reviewing and Exporting Letters of Credit
• Obtaining Payment
• Assignment of Proceeds
• Case Study
VI. SPECIAL TYPES OF LETTERS OF CREDIT AND TRADE FINANCE
• Standby Letters of Credit
• Evergreen Clause
• Revolving, Back-To-Back, Transferable, and Red Clause Letters of Credit
• Using Bankers’ Acceptances
• Export Working Capital Financing
• Working Capital Loan Programs
• Factoring
• Forfaiting
• Foreign Exchange Risk Management
• Purchase Order Financing
VII. UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS
• UCP 600
• eUCP Version 2.0
• International Standby Practices ISP98
Our Letters of Credit Course Will Benefit Importers and Exporters
✔︎ Our Letter of Credit course is excellent for beginners and serves as a refresher and update for experienced professionals. Our instructor will set the course level based on attendees’ needs.
✔︎ The target audience includes: Employees of Exporters and Importers who are involved in Purchasing, Sales, Finance Manager, Business Development Manager, Logistics, Traffic, Account Staff, Customer Service, Accounting, Credit Managers, Controllers, Business Support Specialists, International Managers, Engineering, and Legal personnel will benefit from this course.
✔︎ Learn how to communicate with your Customs Broker or Freight Forwarder regarding your import or export transaction under a letter of credit.
✔︎ Are you a Customs Broker or a Freight Forwarder? If so, then learn about your customers’ obligations regarding documentary requirements and time limits imposed on them, as stated in a letter of credit.
Learn about Letters of Credit & International Payments – See dates.
Small Class
This means there is more time for you to grow, ask questions and get the knowledge and answers you need to succeed.
Expert Instructor
Our experts provide you with insights and real-world applications, fostering a deeper grasp of trade compliance.
Reference Book
Receive a free reference book. This will benefit you far past the course. Fee for shipments outside continental U.S.
Certificate
With this interactive course, you will receive a certificate of completion and a digital badge to share.
Results that Matter to Trade Professionals
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