Grow Your Business Letters of Credit

Letters of Credit

In partnership with East Lancashire Chamber of Commerce

Date: Tuesday 25th February 2025
Time: 9.30am to 12.30pm 
Price: £260 +VAT Chamber members / £520 + VAT non members
Venue: Online or in person at East Lancashire Chamber of Commerce, Red Rose Court, Clayton Business Park, Clayton-le-Moors, Accrington, BB5 5JR

A Letter of Credit enjoys various advantages in executing an international trade transaction – it gives the trading partners an ability to transact with newly established customers and offers financial security. They can be seen as a daunting way to effect payment however the document clauses against letters of credit are highly customisable to allow both parties to trade in a way that is mutually beneficial.

This course offers information on instructing your customer how to open a letter of credit giving you the confidence and knowledge that you need to be compliant with their documentary requirements.

This training covers:

  • The payment risk ladder, what are letters of credit and their importance, the parties within a letter of credit and the stages involved
  • Understanding the features of a letter of credit, what are the documents involved within a letter of credit, understanding UCP and ISBP, instructions to open a letter of credit, common difficulties, amendments and discrepancies
  • Questions and assessment

Presenter: Mandy Lockett MIEx - With 32 years of international and commercial experience, commencing her career as an Export Sales Manager for a local manufacturing company, travelling widely to countries around the world, dealing with distributors, agents, payments, legislation, contracts and agreements. Mandy’s role is dedicated to providing and delivering a comprehensive support and consultancy service for British companies with an aim to encourage companies to start to increase their international trade activities.

Email info@cumbriagrowthhub.co.uk to book.