Add to home screen

Quick access to Chamber news, events and offers

Growing your business,
building our economy

Methods of Payment and Letters of Credit

Date October 17, 2019 Location Hull & Humber Chamber of Commerce
Methods of Payment and Letters of Credit

This one day course covers the 5 main types of payment for exports, from advance payment to open account, including Sight Documentary Collection and Documentary Letters of Credit. It includes the use of Bills of Exchange with and without documents.

With over 75% of first presentations to banks against letters of credit being rejected, businesses are aware of the additional costs discrepancy fees can incur. This course aims to provide delegates with detailed information on how to be pro-active in opening a Letter of Credit, how to work with the documents and present to the bank correctly.


Cash against documents

Documents against acceptance

Understanding how a Letter of Credit works

Buyers and sellers input

Banks and their role

Parties involved in a Letter of Credit

Practical examples of how to read a Letter of Credit

Understanding UCP600 – the rules

Opening a Letter of Credit – taking a little more control

Managing the paperwork and being compliant

What happens when it goes wrong – discrepancies and what they potentially mean

Bank guarantees and security implications

COURSE OUTCOME: At the end of the programme, delegates will have a clearer understanding the main methods of payment for export, the rules and regulations around Letters of Credit, and gain confidence and experience in preparing documentation.

WHO SHOULD ATTEND? This course is designed for Export Sales, Shipping, Marketing, Accounts and Customer Services personnel. Freight forwarders and despatch staff may find some parts of the course extremely useful.

This course is accredited by the British Chambers of Commerce and upon completion of 2 written revision papers, delegates will receive a BCC accredited certificate, subject to a pass mark of 50%, plus 2 credits towards the Foundation Award in International Trade. You will need to achieve 6 credits to be awarded with the Foundation Award, a nationally recognised qualification.

To book on to this course, please click below or contact

CANCELLATION TERMS: Please note that cancellations less than 14 days before the date of the course are non-refundable.  The cancellation must be in writing and sent to 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.


Start Time
End Time
Price (ex. VAT)
International Trade
Chamber Member
Start Time
End Time
Price (ex. VAT)
International Trade

Click BOOK NOW below to choose and book the events you wish to attend.

Book now

The deadline for bookings is October 10, 2019 12:00.

SMG Europe
On Line Design Engineering Group Ltd
Andrew Jackson Solicitors LLP
Double Tree by Hilton Forest Pines Hotel & Golf Resort
Alan Boswell Insurance Brokers
Streets Chartered Accountants
We are My
SPS Group
Hull News and Pictures
James Legal
Associated British Ports
University of Hull
Rapid Accommodation
Wilkin Chapman LLP