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Methods of Payment and Letters of Credit

 Methods of Payment and Letters of Credit


£200 Members - £250 Non-Members. 9am-4:30pm


The world of rapid technological advancement means that companies of any size, in just about any location, can sell their products and services in international markets. Whilst sales and marketing activity becomes increasingly sophisticated and can use many of the increasing online commercial and social platforms to access a wider target market, the question of payment remains more complex.
There have been many developments in the fintech sector which expedite the payment process, however international trade still presents many challenges.  What payment options are available and what terms should you offer?  Cash in advance, staged payments, open account, documentary collection or letter of credit?  Can you decide or does the market dictate your options?  How do you mitigate the many risks associated with international payment, such as creditworthiness of your customer, exchange rate fluctuation, political and economic instability?  What is the impact of the export payment cycle on the company’s cash flow?



This full day course explores payment options available in international trade and their associate risks in an interactive environment. It is suitable for staff within an organisation who have a responsibility for export finance, developing business in overseas markets and negotiating payment terms with international customers.  None of these departments can work in isolation, and it is essential that some of the key information is shared with colleagues so that they understand the importance of processing the export order correctly in order to get paid!


Benefits:


By the end of the day, delegates will have a clear understanding of the following:



• Key terminology associated with export payments
• The international trade cycle and where payment fits in
• The different methods of payment used in international trade and how to comply with the requirements of these
• The importance of export documentation in securing payment
• How to evaluate and mitigate payment risk
• Procedures and parties involved in Letters of Credit, the different types and how to comply with the requirements of each .


For further details and to book on the training courses follow: www.sccci.co.uk/portal/training alternatively contact Jacqui Morris International Trade Manager 01270 445 406 Jacqui.morris@sccci.co.uk


 


 

Time
Tuesday, June 18, 2019 9:00 am - 10:00 am
Location
South Cheshire Chamber of Commerce
Crewe Green rd,
Crewe
CW1 5DU
Cheshire
United Kingdom
Marker
Capacity
8
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