Secure Payment. Minimise Risk in International Trade.
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.
Date: Tuesday 9 September 9.30am to 11.30am
Virtual: Zoom Platform
Cost to attend: Members £250.00 + VAT and Non-Members £330.00 + VAT
Please note: This event will not be recorded and any material will only be circulated to those that attend.
Can't make this date? Contact us to register your interest for the next course date
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.
