May 12, 2020
Online Training: BCC Accreditation Course 4 – Letters of Credit and Methods of Payment
Venue:Go To Meeting
This is online training run through online platform Go To Meeting.
The Northern Ireland Chamber of Commerce and Industry will be running the British Chamber of Commerce Accredited Foundation Award in International Trade. Candidates achieving Pass or Merit in any of the modules will receive a certificate in each area. Those who pass a minimum of six modules will achieve a nationally recognised Foundation Award in International Trade.
The use of Letters of Credit has increased significantly by UK exporters and importers because of different global and local factors. The major international banks report that between 60% and 70% of documentary submissions by exporters are rejected on first presentation because of non-compliance with the conditions of the LC.
These failures can lead to increased costs for all parties, loss of goodwill, delayed payment and possible default. This module will cover:
- Methods of Payment
- Incoterms® 2010 & their interaction with L/Cs
- How the Letter of Credit works – Management & Presentation
- Best Practice for L/Cs – Hints and Tips
- Preparing Documentation
For more information please contact Lynsey.Foster@northernirelandchamber.com.
Please read NI Chamber’s booking terms and conditions before registering your place.