June 4, 2019
International Trade Training
Venue:Radisson Blu Hotel, Belfast
Sponsor: HSBC UK
One day workshop on Documentary Letters of Credit for Exports
Letters of Credit present tremendous opportunities and challenges to the exporter. They represent one of the most secure methods of payment. However, a very high proportion of documents presented to UK banks are still rejected on first presentation – approximately 80%!
This course will explain the roles of the parties, clarify the procedures and recommend practical ways in which exporters can establish best practice in order to ensure payment every time.
• Why we use Letters of Credit?
• What can go wrong?
• How to prevent errors
• A review of payment risk and the payment risk ladder
• Types of Letters of Credit
• The parties involved and their roles and responsibilities
• The role of the issuing, paying and confirming banks
• An introduction to the rule book – UCP 600
• Overview of International Standard Banking Practice Book (ISBP)
• How to prepare documentation
• Check lists
• Practical exercises relating to UCP 600 and preparing documents
Who benefits from this course?
This seminar provides detailed information on how to be proactive in opening a letter of credit, how to work with the documents and present to the bank correctly. The course is designed for staff within the organisation that are exposed to Letters of Credit not only from an admin point of view but for Sales and Purchasing departments too.
Course notes will be provided and practical experience gained. It is ideal for personnel in administration, sales, despatch, logistics and manufacturing companies embarking into the export world. It is also an excellent refresher for those going into new territories.
For further information and to book on to this training, please contact Phil Murray:
T: 028 9024 4113
Please read NI Chamber’s booking terms and conditions before registering your place.
Preference for places at this event may be given to NI Chamber Member Companies