Payments Methods in the International Trade

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This Course is intended to provide you with a basic overview of international trade payment modes. It will give you an insight into the risk issues involved when buying and selling internationally from the perspective of both the Importer and the Exporter. Additionally, this course offers the risk analysis of each payment mode with the aim of its mitigation.

Skills You will Acquire

Knowledge of payment modes in the international trade, risk assessment, sound decision-making.

Knowledge of payment modes in the international trade
Risk assessment
Sound decision-making

Who Should Attend

Customer service, procurement, accounting and sales professionals, analysts, accounting and financial managers.

Duration

2 Days

Prerequisites

2-year experience in the international trade field

Outline

Module 1: Introduction

Module 2: Payments Modes / SWOT analysis

Module 3: Final Risk Spectrum

Module 4: Letter of Credits UCP 600

Module 5: Availability Types

Dates

TBD

Program

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Module 1: Introduction

International trade
Foreign country risk

Module 2: Payments Modes / SWOT analysis

Cash in advance payment
- Definition
- SWOT
Open account
- Definition
- SWOT
Documentary collection process
- Avalized draft elaboration
- Pre-final risk spectrum analysis
- SWOT
Letter of credit
- Definition
- Involved banks
- SWOT

Module 3: Final Risk Spectrum
Module 4: Letter of Credits UCP 600

- - Irrevocability of the letter of credit
  - Banks’ undertaking
  - Nominated bank role and prerogatives
  - Nominated confirming bank undertaking
  - Issuing bank undertaking
  - Confirmation risks coverage
  - Advising bank role
  - Types of availability
  - Protection of letter of credit

Module 5: Availability Types

- Interdependence of the letter of credit
- Confirmation
- Amendments of the letter of credit

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