Letters of Credit                    

Learn all about the methods of payment available to companies today dealing in global markets.  This course will detail the steps to take to ensure a proper agreement is made between buyer and seller for payment concerns, documentation and turnover of merchandise from one party to another.  Discussion will include most common errors seen by banks, and how to avoid them.

Highlights of this course include:

• Fundamentals of international trade finance
• Various methods of payment, including letters of credit, transmittal letters and drafts
• Contracts and letters of credit
• Costs associated with letters of credit
• Discrepancies and amendments, and how to avoid them
• How to complete an L/C application
• Overview of the new UPC 600 banking practices
• How to identify which financial payment mechanism is most appropriate for your company.