Grow Your Business Methods of Payment

Methods of Payment

In partnership with East Lancashire Chamber of Commerce

Date: Tuesday 28th January 2025
Time: 9am 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 sale is not a sale until paid for! Securing and obtaining payments from overseas when your customer is thousands of miles away can be a daunting task.

Understanding the various payment options available to your business is a must and this course gives you the confidence of being able to quote effectively to suit the needs of your business and your customer. Knowledge will be gained from carrying out simple due diligence with credit reports to following the transaction flow of a letter of credit. Knowing your risks and being able to reduce them is imperative in international trade.

This training covers:

  • Overview of Incoterms 2010®, what are the export payments risks, a look at the various payment methods available
  • A look at the various payment methods available continued, the purpose of the bill of exchange within payment terms, proforma and commercial invoices, how to trade in foreign currencies, understanding customer risk, other finance options
  • Help and advice, questions

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.