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International Payment Methods and Letters of Credit

Thursday October 5, 2017 09:00 - 16:00

Durham County Cricket Club, Chester Le Street, DH3 3QR


To ensure that they are paid for their exports under a letter of credit on first presentation of documents and the confidence to talk to the banks effectively. It also focuses on the other main methods of payment used in international trade.

Upon completion of 2 written revision papers, delegates will receive a BCC accredited certificate subject to a pass mark of 50% in each topic.

The test topics are;

Letters of credit

Methods of payment

Who should attend this course?

Export sales managers and staff; shipping department managers and personnel; finance department staff; freight forwarders

Course programme

  • Introduction - What is a letter of credit?
  • The letter of credit process
  • Letter of credit costs
  • Incoterms ® 2010 – brief overview
  • Why use a letter of credit
  • Terms and conditions - UCP 600
  • Types of documentation
  • Presenting to the bank - resolving discrepancies
  • Methods of payment, covering:

1.Advance payment

2.Open account

3.Documentary collections

4.Bonds and Guarantee

Bespoke Training

If you are unable to attend on the scheduled dates, we can bring this or any other international trade course to your place of work and tailor it to meet your company needs. Please call us to discuss.

You may also be interested to know that as an alternative to attending one of our courses, we will be offering half day sessions, on site, delivered on a one to one basis. This will enable us to focus specifically on your business needs and develop your employees understanding of their role, at their desk. The charge for this will be from £100.00+ VAT per hour. For further information or to book a place, contact the Chamber International Trade team on 0191 3746474.


Durham County Cricket Club
Emirates Durham International Cricket Ground
Chester Le Street

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