Banks report that the majority of presentations of documents against letters of credit are incorrect, resulting in unnecessary delays in collecting money due and generating extra bank fees. You can protect the assets of your company and more successfully complete an international sales transaction by learning how to avoid these errors on documents and what to do when discrepancies occur.
The Export Letters of Credit and Drafts manual will help you determine if a letter of credit is right for your company. If so, it will help you instruct your international customers in opening a letter of credit and guide you through the procedures to take when you can't comply with the stipulations of the credit or collect your money. The manual also discusses several options available to you that can help you offer creative and competitive financing options to your buyers while allowing you to receive immediate payment for the transaction.
All self-study courses include the corresponding reference manual
Updated: June 2007 - 138 Pages
Book Chapters
- Method of Payment
- The Letter of Credit Transaction
- Special Types of Letters of Credit
- Understanding the Letter of Credit
- Instructing the Buyer in Opening a Letter of Credit
- Screening the Letter of Credit
- Non-Payment of the Letter of Credit
- The Draft Transaction
- Preparation and Presentation of Drafts
- Appendix
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Export Letters of Credit and Drafts self-study class today!
