The falling pound has been good news for exports. But for those venturing into overseas markets for the first time, the subject of obtaining payment and using letters of credit can be bewildering. The sobering fact is that over 75% of first presentations to banks against documentary letters of credit are rejected, resulting in delayed payments to exporters, additional costs and breached delivery deadlines.
However help is at hand thanks to a workshop being run by Chamber International at Bradford Chamber Business Park on November 9th. The one day workshop covers the 5 main types of payment for exports, from advance payment to open account, including Sight Documentary Collection, Term Documentary Collection and Documentary Letters of Credit. It includes the use of Bills of Exchange with and without documents. This course is suitable for all staff who need to have a clear understanding of the procedures required to ensure payments for goods sold on documentary credit terms. Knowledge and understanding is reinforced through the use of exercises, tips on getting the credit you want and working examples of documentary credits. Essential learning for accounts, export and sales teams.
The course is from 9.30am to 4.30pm. The costs are £295 +VAT for members of the West & North Yorkshire Chamber of Commerce, or £390 +VAT Non-Members. The cost includes lunch and refreshments. To find out more about the course, visit the Chamber International website or to reserve your place, click here