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Letters of Credit and Methods of Payment

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Date:11/10/2022 (09:30 - 16:00)

Status:ACTIVE | 5 or more places remaining

Member Rate: Free Non Member Rate: Free

Location: St Andrews Management Centre Ltd 14 St Catherine Street CUPAR KY15 4HH
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nternational Trade Pathway - Letters of Credit and Methods of Payment
11th October 2022 09.30-16.00
Full day in person at St Andrews Management Centre, Cupar


Overview

The course provides an overview of all methods of payment when trading internationally to include the risks and benefits involved. It will then concentrate on the Letter of Credit aspect guiding you through the rules of managing a letter of credit, making sure documents are compliant and payment is successful.

Topics

• Foreign Currency Transaction Mitigation
• Methods of Payment – risks and benefits
  • Advance Payment
  • Documentary Collection
  • Open Account
  • Letter of Credit
• The Letter of Credit Process
  • Terminology
  • LC Types
  • UCP 600 Rules
  • Management and Presentation of the Letter of Credit
• Incoterms 2020
• Shipping Documents
• Best Practice for L/Cs – Hints and Tip


Booking:

Open to Fife Businesses only


This course is funded by InvestFife therefore places are FREE but limited to one person per company.  Numbers are limited and on a first come first served basis. Please contact Morag Durie to book this course at moragdurie@fifechamber.co.uk

Places are limited to 1 person per company. This course will be delivered online via Zoom, you will need a PC with camera and microphone.


CANCELLATION POLICY:

Although this event is free to attend, an administrative fee of £10 will be applied when you cancel your booking three or less days prior to the event.
Organisers:

This event is part of a Programme of Workshops and Training being delivered under the InvestFife brand, which incorporates all of Fife Council’s Economic Development services, including the following teams: Investment Property & Development, Business Enterprise, Investment and Property & Employment Land, which in partnership with Business Gateway Fife, Fife Chamber of Commerce and Scottish Development International aims to support businesses in Fife. InvestFife’s ethos and what drives its services is its commitment to making ‘Fife the best place to do business



     


 

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Booking Cancellation Policy

CANCELLATION POLICY:

Although this event is free to attend, an administrative fee of £10 will be applied when you cancel your booking three or less days prior to the event.

Please go to ‘basket’ tab to pay. Your online booking is confirmed once payment is taken.

Prices exclude VAT

If paying online VAT at 20% will be added before the payment is taken.

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