This workshop covers the five main types of payment for exports, from advance payment to open account, including Sight Documentary Collection, Term Documentary Collection and Documentary Letters of Credit. It includes the use of Bills of Exchange with and without documents.
Over 75 per cent of first presentations to banks against documentary letters of credit are rejected, resulting in delayed payments to exporters, additional costs and breached delivery deadlines.
The course will give delegates a better understanding of how important it is to get it right first time avoiding delayed payment of goods exported.
The misuse of these terms can lead to delays, penalties, problems with payment and more. This half day seminar will explain Incoterms® and their importance in international trade contracts.
Understanding commodity codes is vital to internationally trading businesses. Commodity codes are used worldwide to determine the customs duty and other charges levied on the goods when importing and exporting.
International markets offer huge Export opportunities for UK businesses. Finding and developing new markets for products is a hugely valuable avenue for expansion and in some sectors in particular, global demand for British brands and products makes international trade an excellent means of growth.
This course will explain all aspects of the rules of origin and trade agreements and how to understand and comply with them to help companies be more competitive in export markets.
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