Letters of Credit – BCC Accredited
Workshop Programme in Detail
Topics covered include:
Why we use them?
What can go wrong, How to prevent errors, A review of payment risk and the Payment Risk Ladder, methods of payment including where letters of credit feature in the 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 International Standard banking practice book (ISBP), The Banks doctrine of strict compliance, How to prepare documentation, Check lists, Practical exercises relating to UCP 600 and preparing Documents.
Course Outcome
To have a clearer understanding of rules and regulations around Letters of Credit, and to gain confidence and experience preparing documentation.
East Midlands Chamber's Offer
Keeping staff development up to date is essential, harnessing skills which are required for businesses growth and progression. We run a full range of open courses, everything from Director level right through to Information Technology sessions. A full list is available on this website and can also be found at our website. We are also a leading provider of Bespoke Training. Working with our team of dedicated trainers, we are able to design and develop face to face or on-line training sessions to support your teams. This could be 1-1 through to sessions for up to 15 people. A dedicated staff member will liaise with you throughout, ensuring all your requirements are met and also completing a quality check with you following the course delivery. The Chamber is a leading partner for many businesses for their bespoke requirements, supporting over 100 businesses each year to train and develop their staff. Flexibility is the key to this and with over 30 years experience of developing bespoke training options, you will know you are in safe hands.
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