Getting paid on time is critical in export transactions—and understanding the different methods of international payment is key to reducing risk. This practical two-hour virtual workshop will provide clarity on how to use payment mechanisms effectively, with a special focus on Documentary Letters of Credit.
With over 75% of first presentations to banks under Letters of Credit rejected due to errors, it’s essential that exporters understand how to meet bank requirements and avoid costly delays.
What the Course Covers:
• An overview of the five main export payment methods: Advance Payment, Open Account, Sight Documentary Collection, Term Documentary Collection, and Documentary Letters of Credit
• Correct use of Bills of Exchange, with and without documents
• Step-by-step walkthrough of a Letter of Credit transaction
• Common reasons for payment rejection and how to avoid them
• Practical tips for ensuring accurate documentation and timely payments
Included with the Course:
• A full set of course slides for future reference
• Easy-to-use guidance notes to support real-world application
This course is essential for exporters, finance teams, and operations staff who want to manage payment risk effectively and ensure prompt receipt of funds in international trade.
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British Chambers of Commerce Accredited Course: The British Chambers of Commerce has a range of nationally accredited international trade courses that give essential skills which are invaluable to small and large businesses alike.
At the end of these courses there will be a short assessment paper to complete which results in a BCC Certificate with a Pass or Merit achievement worth 1 credit. Achieve 6 credits to receive the BCC Foundation Award in International Trade. Visit our events page to see current course dates. |
