Finance Options: Focusing on Letters of Credit

Tuesday 1 October 2019
9.15am - 5.00pm

Holiday Inn, Cambridge
Bridge Road
CB24 9PH

Member Fee: £300.00 (plus VAT)
Non-Member Fee: £450.00 (plus VAT)
Fees are Per Delegate

The purpose of the course
Getting paid is a vital part of the sales transaction, join us to explore the options and reduce the costs involved in receiving payment. Understand how to improve your security of payment and the roles of the banks, so you realise how you can influence the speed of the movement of the money. We'll help you understand the intricacies of both credit and collection transactions, so you can appreciate how to control your goods with your documents. Delegates will learn why, when and how to use Documentary Letters of Credit (L/cs). This masterclass will guide you through the complexities of L/c rules and regulations (UCP600), so you can be proactive in instructing your customer to encourage L/c clauses that work for you. The role of Documentary Collection will also be explained, as well as sight and term drafts, plus discounting. Practical tips are offered throughout the session, as well as real-life examples.

Benefits for your organisation
Whether you are a small company, SME, or large global trader, getting paid is vital. Companies will learn how to get paid more swiftly and at the same time reduce those high bank charges. By understanding the intricacies of credit and collection transactions, you will be able to appreciate how to control the goods with your documents, giving you more security and speed of payment.

Who is this course for?
This course will appeal to those already using Letters of Credit and/or Documentary Collections, as well as those considering these payment terms. The mystery will be stripped away, so all attendees feel more confident using these instruments of payment.

Topics covered
L/c formats and types, irrevocable and confirmed
Opening and advising procedures, presentation of documents and time constraints
L/c receipt, checking and amendments
Sight and term, reimbursement
Part shipment, stage payment, service L/cs
L/c yypes, including back to back, transferable, revolving, standby
UCP 600 Customs and practice for documentary credits
Documentary collections, consigning, protesting
URC522 rules for documentary collections.

By the end of the course, delegates will be able to avoid discrepancies, and instead be able to achieve 'right first time' presentations, together with prompt payment. We'll take the mystery away, so you can feel confident and in control. This course will ensure you gain an appreciation of the methods of payment. If you wish, you can bring your own L/c examples to the course, giving you an opportunity to discuss your own experiences and horror stories!

To book your place(s) please contact Rose Griffiths on 01223 209817 or email including your company name, all delegate names and job titles, and a contact telephone number. Payment for the course is required at the time of booking.

Book this event

Call 01223 237 414 or

Please note that non-Chamber members are only entitled to attend one chargeable event before joining the Chamber, and are required to pay at time of booking. Fees for all bookings are non-refundable for cancellations made within six working days of the event.

Forthcoming Events

July 17 2019 5:00PM / 5.00-7.00pm
Summer Social & BBQ - Peterborough
July 18 2019 / 5.00-7.00pm
Informal Networking Evening Cambridge
July 24 2019 6:00PM / 6.00-9.00pm
Fenland Quiz and Hog Roast
August 9 2019 2:00PM / 2.00 - 4.00pm
Summer Garden Party
September 2 2019 / 5.00-7.00pm
Informal Networking Evening Huntingdon
September 4 2019 / 5.00-7.00pm
Informal Networking Evening Stamford
September 9 2019 / 5.00-7.00pm
Informal Networking Evening Ely