Letter of Credit, Letter of Guarantee – what are they? They are financial instruments which are often used in trade financing when suppliers are purchasing and selling goods to and from overseas customers with whom they don’t have established business relationships. The instruments are created to reduce the risk taken by each party. But what is the difference between them (Letter of Credit and Letter of Guarantee), when to use it or what are the benefits of them? During the course, clearly explanations of above issue will be presented, besides participants will leave the training with fully answers on these question and essential knowledge from credit management, international shipping, customer services, order and account management personnel.
Who Takes This Course
The training is designed for importers and exporters, office based sales staff, purchasing staff and shipping, accounts and workers from finance department, customer services and freight forwarders.
Course Structure
- Admission – understand the jargon
- Letter of Credit
- Letter of Guarantee
- Difference between LC and LG
- When to apply, how to use these instruments?
- Lets talk about their benefits
- Risk
- Question
- Summary
| Hours | 12 |
| Duration | 2 Days |
| Price | 2400 € |
Education fee is only for the groups not exceeding 10 people. Please contact us for more participants.
VAT is included