Letters of Credit & Methods of Payment

Letters of Credit & Methods of Payment BCC accredited module

1 Day

This course is suitable for those working in International Trade and are involved in the management and presentation of Letters of Credit.

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 letters of credit aspect guiding you through the rules and managing a letter of credit, making sure documents are compliant and payment is successful.

The agenda and course objectives are:

  • Foreign Currency Transaction Mitigation
  • Methods of payment – risks and benefits
  • Advanced payment, Documentation collection, Open Account, Letter of Credit
  • The Letter of Credit Process
  • Terminology
  • LC types
  • UCP 600 Rules
  • Incoterms 2020
  • Shipping Documentation
  • Best practice for L/Cs – hints and tips

A short end test is taken for the BBC Accredited Certificate in Letters of Credit

For more information, or to book a place on this course, call us on 01604 490470 or email training@northants-chamber.co.uk

Chamber members can book online.

Our Upcoming International Trade Events

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    13/06/2024

    Import Procedures including IP & OP

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    The course provides an overview of the end-to-end import process and reviews all the areas that would be applicable to a new supplier, to include country and supplier risk, payment risk etc. It will review documentation requirements and how to ensure goods are imported successfully to include duty payments and an overview of the available Special Procedures.

  • Letters of Credit & Methods of Payment | Northamptonshire Chamber of Commerce

    25/07/2024

    Letters of Credit & Methods of Payment

    By |Tags: |

    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.

  • Commodity Codes | Northamptonshire Chamber of Commerce

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  • Customs Procedures and Documentation | Northamptonshire Chamber of Commerce

    09/10/2024

    Customs Procedures and Documentation

    By |Tags: |

    This course covers the key information required to understand: • Organisations involved in International Trade • What is an Export? • International Documentation and key Information • Customs Compliance, HMRC – their role, Export Declarations, Customs Procedures • Import Duties, AEO, Audit, Phased Import Easements, NI Trade

  • Import Procedures including IP & OP | Northamptonshire Chamber of Commerce

    24/10/2024

    Import Procedures including IP & OP

    By |Tags: |

    The course provides an overview of the end-to-end import process and reviews all the areas that would be applicable to a new supplier, to include country and supplier risk, payment risk etc. It will review documentation requirements and how to ensure goods are imported successfully to include duty payments and an overview of the available Special Procedures.

  • Letters of Credit & Methods of Payment | Northamptonshire Chamber of Commerce

    21/11/2024

    Letters of Credit & Methods of Payment

    By |Tags: |

    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.

  • Commodity Codes | Northamptonshire Chamber of Commerce

    12/12/2024

    Commodity Codes

    By |Tags: |

    Suitable for complete beginners or experienced operators who feel the need to refresh their knowledge. This course looks at understanding Commodity Codes, why they’re needed, and who is responsible. Several practical exercises are included in this course to ensure attendees have a strong understanding of Commodity Codes.

  • Customs Procedures and Documentation | Northamptonshire Chamber of Commerce

    05/02/2025

    Customs Procedures and Documentation

    By |Tags: |

    This course covers the key information required to understand: • Organisations involved in International Trade • What is an Export? • International Documentation and key Information • Customs Compliance, HMRC – their role, Export Declarations, Customs Procedures • Import Duties, AEO, Audit, Phased Import Easements, NI Trade

  • Import Procedures including IP & OP | Northamptonshire Chamber of Commerce

    20/02/2025

    Import Procedures including IP & OP

    By |Tags: |

    The course provides an overview of the end-to-end import process and reviews all the areas that would be applicable to a new supplier, to include country and supplier risk, payment risk etc. It will review documentation requirements and how to ensure goods are imported successfully to include duty payments and an overview of the available Special Procedures.

  • Commodity Codes | Northamptonshire Chamber of Commerce

    26/03/2025

    Commodity Codes

    By |Tags: |

    Suitable for complete beginners or experienced operators who feel the need to refresh their knowledge. This course looks at understanding Commodity Codes, why they’re needed, and who is responsible. Several practical exercises are included in this course to ensure attendees have a strong understanding of Commodity Codes.

  • Letters of Credit & Methods of Payment | Northamptonshire Chamber of Commerce

    20/03/2025

    Letters of Credit & Methods of Payment

    By |Tags: |

    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.

  • Incoterms | Northamptonshire Chamber of Commerce

    10/06/2024

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    By |Tags: |

    This ½ day course is suitable for all those currently working in an export environment or are new to exporting. It will advise attendees on the most appropriate Incoterm® to use for their international transactions. This covers a full update on the changes between 2010 and 2020. It will guide on who has what obligation during a sale including where risk and cost pass from Seller to Buyer during the transaction.

  • Incoterms | Northamptonshire Chamber of Commerce

    06/11/2024

    Incoterms

    By |Tags: |

    This ½ day course is suitable for all those currently working in an export environment or are new to exporting. It will advise attendees on the most appropriate Incoterm® to use for their international transactions. This covers a full update on the changes between 2010 and 2020. It will guide on who has what obligation during a sale including where risk and cost pass from Seller to Buyer during the transaction.

  • Incoterms | Northamptonshire Chamber of Commerce

    06/03/2025

    Incoterms

    By |Tags: |

    This ½ day course is suitable for all those currently working in an export environment or are new to exporting. It will advise attendees on the most appropriate Incoterm® to use for their international transactions. This covers a full update on the changes between 2010 and 2020. It will guide on who has what obligation during a sale including where risk and cost pass from Seller to Buyer during the transaction.

  • Beginners Practical Guide to Exporting | Northamptonshire Chamber of Commerce

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    By |Tags: |

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  • Understanding Export & Export Documentation | Northamptonshire Chamber of Commerce

    23/01/2025

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    By |Tags: |

    This course is suitable for beginners who are new to the role or those who work in an export environment but may not have had previous training, the course takes a look at the end-to-end process providing an understanding of the export documentation requirements and shipping using freight forwarders and couriers. By the end of this course, delegates will have gained the confidence that they are completing the correct forms in the correct way for the correct reasons. 

  • Preference Rules of Origin | Northamptonshire Chamber of Commerce

    26/03/2025

    Preference Rules of Origin

    By |Tags: |

    This course is recommended for those who already work in international trade but need further training on origin calculations and how this affects sales and purchases.

  • Understanding Export & Export Documentation | Northamptonshire Chamber of Commerce

    07/05/2024

    Understanding Export & Export Documentation

    By |Tags: |

    This course is suitable for beginners who are new to the role or those who work in an export environment but may not have had previous training, the course takes a look at the end-to-end process providing an understanding of the export documentation requirements and shipping using freight forwarders and couriers. By the end of this course, delegates will have gained the confidence that they are completing the correct forms in the correct way for the correct reasons. 

  • Beginners Practical Guide to Importing | Northamptonshire Chamber of Commerce

    03/09/2024

    Beginners Practical Guide to Importing

    By |Tags: |

    This course gives an overview import procedures. We recommend this for individuals who only need a top-level understanding of international trade procedures or those with relevant qualifications and/or experience in the import industry who want a refresher.

  • Beginners Practical Guide to Exporting | Northamptonshire Chamber of Commerce

    03/09/2024

    Beginners Practical Guide to Exporting

    By |Tags: |

    This course gives an overview of export procedures. We recommend this for individuals who only need a top-level understanding of international trade procedures or those with relevant qualifications and/or experience in the export industry who want a refresher.

  • Beginners Practical Guide to Exporting | Northamptonshire Chamber of Commerce

    09/01/2025

    Beginners Practical Guide to Exporting

    By |Tags: |

    This course gives an overview of export procedures. We recommend this for individuals who only need a top-level understanding of international trade procedures or those with relevant qualifications and/or experience in the export industry who want a refresher.

  • Beginners Practical Guide to Importing | Northamptonshire Chamber of Commerce

    09/01/2025

    Beginners Practical Guide to Importing

    By |Tags: |

    This course gives an overview import procedures. We recommend this for individuals who only need a top-level understanding of international trade procedures or those with relevant qualifications and/or experience in the import industry who want a refresher.

Northamptonshire Business Awards 2023!

The Northamptonshire Business Awards recognise and celebrate the very best in Northamptonshire business.

On Thursday 23rd November 2023 we revealed the winners of the Northamptonshire Business Awards 2023, headline sponsored by Wilson Browne Solicitors! Make sure you check out our highlight video and find out this year’s winners here.