One of the biggest concerns for any business, especially when trading with a new customer or supplier, is the exchange of goods for payment. It can be a fine balancing act for either party to ensure that they are protected while not negatively impacting the entire transaction.
During this three-hour, interactive, British Chamber of Commerce accredited course, we will provide you with:
- Knowledge of how to mitigate foreign currency transactions to protect your business
- An understanding of the different methods for payment including Advance payment, documentary collection, open account, and letter of credit.
- The key considerations, risks and benefits to each payment method
- An overview of the Letter of Credit process
- An understanding of the role shipping documents play in Letters of Credit.
Accreditation:
Following the course you will receive two multiple-choice exams which, upon completion and passing, you will receive two British Chamber of Commerce Accredited Certificates (one for passing the exam on Methods of Payment and the other for passing Letters of Credit).
On completion of six BCC Accredited modules, you will earn the BCC Foundation Award in International Trade. Gaining this widely recognised award demonstrates compliance and knowledge which can have positive repercussions for both yourself and your business.
The other courses within the BCC Foundation Award are:
- Understanding Export
- Commodity Codes & the UK Trade Tariff
- Incoterms
- Rules of Origin
- Export documentation
-Agents & Distributors
- Import Procedures
-Benefitting from Inward & Outward Processing Relief
- Customs Procedures
Get in touch:
If you would like to find out more about the services we offer, take a look at our internatinoal trade membership and services overview or email us at [email protected].
Cancellations and amendments to bookings:
In the event you are no longer able to attend this training course, please note you must cancel or request a transfer of your place at least 7 working days before the course. The cancellation must be in writing and sent to [email protected] indicating the name of the course you are cancelling for and delegate(s) details.
If a booking is not cancelled and the delegate does not attend, full event costs will still apply.
