Start date: 10 September 2024
Duration: 9.30am to 1.30pm
Location: Online via Zoom
Cost: €190
Programme overview
The use of Letters of Credit has increased significantly by EU exporters and importers because of political insecurity in some markets and the withdrawal of credit insurance cover. Between 60 to 70% of documentary submissions by exporters are rejected on first presentation because of non-compliance with the conditions of the Letter of Credit. The main cause of rejection is a lack of understanding of the underlying principles of documentary Letter of Credit and a failure to construct a workable Letter of Credit. This course addresses these issues directly and is a must for any company involved in the issuing or receiving of Letters of Credit.
The subsidised cost of this programme is €190 from €245.
Who Is This Course For?
Manufacturer’s, Importers, Exporters, Wholesalers, Suppliers, Forwarders, Brokers.
Learning environment
Learning will take place in a virtual environment. The main learning activity is live interactive lectures/workshops, supported by slides, reading materials, examples and case studies.
Learning outcomes
On successful completion of this module the Participant will be able to:
Define the type of Letter of Credit that best suits their organization.
Be familiar with different formats for Letters of Credit & Bills of Exchange
Understand all the stakeholders involved and their roles within the process.
Know the Letter of Credit process & how to open a workable Letter of Credit.
Understand how to apply UCP rules and e-UCP rules to Letters of Credit.
Know how to issue a draft.
Incorporate new learning into their letter of credit procedures
Content and assessment
Content
Definition and Types of Letters of Credit
Understanding the Parties Involved
Viewing Letters of Credit through UCP 600 rules & eUCP 2.0
How to open a workable Letter of Credit
How to ensure prompt payment as the receiver of a letter of Credit
Incoterms & Letters of Credit
Bills of Exchange (drafts)
| Assessment | ||
| Assessment type | Assessment description | Assessment date |
| MCQ | 10 Multiple Choice Questions | Same as Delivery |
Pre-requisite learning
| Requirements | None |
| Pre-requisite module | None |
Content development and learning strategy.
Content developed based on years of real-world experience in how to circumvent delays in payment release on presentation of documents to banks. The learning strategy involves the use of interactive online lecture and workshop, case studies and multiple-choice questionnaire.
Terms & Conditions
Feel free to read our Terms & Conditions here.
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