Letters of Credit and Methods of Payment

St Andrews Management Centre Ltd
11th October 2022 | 09:30-16:00
Fife International
14 Places Remaining
Members: Free | Non Members: Free
International Trade Pathway - Letters of Credit and Methods of Payment
11th October 2022 09.30-16.00
Full day in person at St Andrews Management Centre, Cupar


The course provides an overview of all methods of payment when trading internationally to include the risks and benefits involved. It will then concentrate on the Letter of Credit aspect guiding you through the rules of managing a letter of credit, making sure documents are compliant and payment is successful.


• Foreign Currency Transaction Mitigation
• Methods of Payment – risks and benefits
  • Advance Payment
  • Documentary Collection
  • Open Account
  • Letter of Credit
• The Letter of Credit Process
  • Terminology
  • LC Types
  • UCP 600 Rules
  • Management and Presentation of the Letter of Credit
• Incoterms 2020
• Shipping Documents
• Best Practice for L/Cs – Hints and Tip


Open to Fife Businesses only

This course is funded by InvestFife therefore places are FREE but limited to one person per company.  Numbers are limited and on a first come first served basis. Please contact Morag Durie to book this course at [email protected]

Places are limited to 1 person per company. This course will be delivered online via Zoom, you will need a PC with camera and microphone.


Although this event is free to attend, an administrative fee of £10 will be applied when you cancel your booking three or less days prior to the event.

This event is part of a Programme of Workshops and Training being delivered under the InvestFife brand, which incorporates all of Fife Council’s Economic Development services, including the following teams: Investment Property & Development, Business Enterprise, Investment and Property & Employment Land, which in partnership with Business Gateway Fife, Fife Chamber of Commerce and Scottish Development International aims to support businesses in Fife. InvestFife’s ethos and what drives its services is its commitment to making ‘Fife the best place to do business



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