Proudly presenting the following upcoming workshop: LETTER OF CREDIT MASTER CLASS INCLUDING UCP 600 AND ALTERNATIVE PAYMENT METHODS Workshop dates: Midrand, Johannesburg: 22-23 September 2014 Durbanville, Cape Town: 25-26 September 2014 Durban North: 29-30 September 2014 *** EARLY BIRD AND GROUP BOOKING DISCOUNTS AVAILABLE - SEE BELOW *** (LIMITED SEATS AVAILABLE) For in-house group bookings, e-mail [email protected] with requirements. DURATION: 2 DAYS PURPOSE This course can help reduce your accounts receivables. Learn to fully comply with Letters of Credit requirements. Get involved in the set-up process, learn the basic terminology and significance of various documents, and learn how to prevent and handle discrepancies. Learn how to insure that you receive payment for your shipments, how to get paid faster and how to lower bank fees. If your organization uses Letters of Credit, then your staff should understand Letters of Credit. WHO SHOULD ATTEND: - Bank staff in International departments that require Letter of Credit training. - Staff of companies involved in drawing documents to comply with requirements of Letters of Credit. - Business Owners. - This workshop will also be of benefit to those credit, sales, business associates and managers involved in international trade. - It would also benefit those who are interested in learning more about risk mitigation or are planning on breaking into foreign markets. COURSE OUTLINE INTRODUCTION/THE PAYMENT DECISION • Decision Making and Payment Methods • Risk to International Trade Payment • Traditional Payment Methods II. LETTERS OF CREDIT AS METHOD OF PAYMENT • Parties to the Letter of Credit • Payments under Letters of Credit • Costs and Benefits • Types of Letters of Credit III. LETTERS OF CREDIT PROCEDURE • Quotation • Instructions for the Letters of Credit • Checklist for Letters of Credit • Document Preparation and Presentation • Discrepancies IV. TYPES OF LETTERS OF CREDIT • Revocable or Irrevocable • Confirmed and Unconfirmed • Restricted Letter of Credit V. SPECIAL TYPES OF LETTERS OF CREDIT • Variations You Will See • Revolving - Standby - Transferable • Red Clause, Green Clause • Time Drafts and Bankers Acceptances VI. UNIFORM CUSTOMS AND PRACTICE 600 & COMMENTARY AND ISBP • International Standard Banking Practices (ISBP) • Commentary on the UCC of the United States • NOTE: Discussion on UCP 600 VII. EXPORT TRANSACTION REVIEW • Amendment to the Letter of Credit • Checklists • Documents Checklists (Commercial Invoice, Bill of Lading, Packing List, I-n-s-u-r-a-n-c-e, etc.) • Letter of Transmittal to Bank VIII. IMPORT LETTERS OF CREDIT • Parties Agree to Letter Of Credit as Payment Method • Buyer Applies for Letter of Credit • Seller Receives and Accepts the Credit • Nominated Bank Review Documents • Issuing Bank Exchanges Documents for Payment • Importer Picks up Goods IX. CASE STUDY ON AN EXPORT LETTER OF CREDIT X. NON-TRADITIONAL PAYMENT METHODS Course fee: R6,950.00 (R7,923.00 incl. VAT) Early Bird fee: R6,450.00 (R7,353.00 incl. VAT) for all registrations received and paid between 14 and 25 July 2014. Group booking of 3 or more delegates: R6,000.00 (R6,840.00 incl. VAT) per delegate - for all group bookings received and paid between 14 and 25 July 2014 - T&Cs apply. norcazacademy.co.za
Posted on: Wed, 30 Jul 2014 12:36:59 +0000
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