The main aim of our Letters of Credit training course for importers programme, is to help you and your key staff become expert at negotiating terms with suppliers, therefore lowering risk and improving your company’s position when importing goods.
The course provides a comprehensive explanation of Incoterms® 2010 from both an importer’s and financier’s perspectives.
This is essential training for any employee involved in sourcing raw materials, components or finished goods from overseas.
We’re unique in tailoring our course content to suit your business, creating scenarios that are familiar to you and the industry in which you operate. This makes our training memorable, valuable and engaging for your employees, allowing them to apply their learning to real-life situations.
We can deliver training at your premises, to individuals or groups of up to ten people. It’s fully customisable, delivered in short snappy sessions or in more depth, incorporating additional modules over two days. The choice is yours – and we’re always happy to advise you on the ideal delivery length according to the needs of your business.
The Letters of Credit training for importers equates to 7 hours of CPD activity with certification and will cover the following key areas:
By the end of the course you and your employees will be familiar with…
Issues facing importers & suppliers (and how to deal with them)
Trade transaction strategies: the ‘Risk Ladder’
Terms of payment: advance payment & open account
Common shipping documents
Terms of delivery (Incoterms)
The trade gap – and how to finance it
How to deal with your bank
Negotiating the most favourable letter of credit terms for your business
Issuing letters of credit (includes examples and form filling)
The UCP 600 rules (Uniform Customs & Practice for Documentary Credits)
Handling discrepancies under letters of credit
Structured finance case studies
Hints & tips for reducing bank charges
We provide Letters of Credit Training for organisations across the UK incuding London, Manchester, Surrey, Leicester, Kent, East Anglia and Yorkshire.
Learn how our letters of credit for importers training has helped our other clients here.