Course information

The Letters of Credit Training Course Outline

Module 1: Introduction to Letters of Credit

  • What is a Letter of Credit?
  • What They Do?
  • How Do They Work?
  • Advantages to a Letter of Credit
  • Disadvantages to a Letter of Credit
  • Key Terminology

Module 2: Types Available

  • Types of Letters of Credit
  • Assignments of Proceeds
  • Documents Required for a Letter of Credit

Module 3: Obligations Between Banks, Importers, and Exporters

  • Cash in Advance
  • Letters of Credit
  • Documentary Collections
  • Open Account
  • More on Confirmations

Module 4: Complying with UCP600 and ISBP

  • What is the UCP600?
  • What is the ISBP?
  • Letters of Credit have to Contain
    • Consistency
    • Date
    • Description
    • Origin
    • Timing

Module 5: Best Practice for Creating Documentation

  • Procedures to Avoid Common Mistakes

Module 6: Reasons for Rejection and What to Do

  • Common Mistakes in Letter of Credit
  • Exporter Options
    • Forward Document on Approval
    • Cable for Approval
    • Indemnity

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Who should attend The Letters of Credit Training Course?

The Letters of Credit Training Course in Pittsburgh is designed for individuals seeking a comprehensive understanding of Letters of Credit and International Trade Finance. This course will be beneficial for the following professionals:

  • Trade Finance Specialists
  • Import and Export Managers
  • International Sales Representatives
  • Supply Chain Professionals
  • Banking and Finance Professionals
  • Business Owners Trade Compliance Officers

Prerequisites for The Letters of Credit Training Course

There are no formal prerequisites to attend the Letters of Credit Training Course.

The Letters of Credit Training Course Overview

The Letters of Credit Training Course in Pittsburgh offers a comprehensive program designed to provide participants with in-depth knowledge and practical skills related to letters of credit, a crucial financial instrument used in international trade. Letters of credit facilitate secure and efficient cross-border transactions by ensuring payment to exporters and compliance with trade terms.

Mastery of this subject is vital for individuals responsible for negotiating and managing letters of credit to minimize risks and ensure timely payment. The Letters of Credit Training Course in Pittsburgh provides the necessary knowledge and skills to effectively utilize this financial instrument, making it indispensable for international trade professionals and those seeking to expand their expertise in global commerce.

This comprehensive 1-day training, offered by The Knowledge Academy in Pittsburgh, covers the fundamentals of letters of credit, including types, terminology, and the documentary credit process. Experienced instructors guide participants through real-world case studies and practical exercises, ensuring they can confidently handle letters of credit transactions.

Course Objectives

  • To understand the fundamental concepts and types of Letters of Credit in international trade
  • To learn to effectively issue, manage, and negotiate Letters of Credit
  • To gain insights into risk mitigation and compliance with international trade regulations
  • To develop skills in analysing and resolving common LC-related issues and discrepancies
  • To enhance practical knowledge for the smooth execution of global trade transactions involving Letters of Credit

Upon completing The Letters of Credit Training Course in Pittsburgh, delegates will benefit from enhanced knowledge and practical skills in managing letters of credit. They will be well-equipped to effectively handle international trade transactions, negotiate favorable terms, and ensure compliance with trade regulations. This course empowers professionals to play a pivotal role in facilitating secure and successful cross-border trade operations.

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What’s included in The Letters of Credit Training Course?

  • World-Class Training Sessions from Experienced Instructors  
  • The Letters of Credit Certificate  
  • Digital Delegate Pack

Why choose us

Our Pittsburgh venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

Pittsburgh has around a population of 305,000 inhabitants living within the commonwealth’s second largest city. The city is located southeast of the Ohio River in the north east of the United States of America. Pittsburgh is characterized by the Appalachia border. The city is renowned for its number of bridges (446) and its steel-related businesses spanning over 300 of them. Pittsburgh has four main areas (North side, south side, east end and west end) surrounding the Golden triangle (downtown area) containing 90 neighbourhoods. The downtown area is the cultural district with art venues and theatres, sports and literature.Pittsburgh has several public schools including charter and magnet schools, City Charter High School, Pittsburgh Montessori School, Pittsburgh Gifted Center and Barack Obama Academy of International. The city also has many private schools including North Catholic High School, Bishop Canevin High School, Seton-La Salle Catholic High School and Central Catholic High School.Carnegie Mellon University is Pittsburgh main university with around, 15,000 students. It’s a private institution with 7 colleges and schools including, the College of Engineering, College of Fine Arts, Dietrich College of Humanities and Social Sciences. Carnegie was rated 24th university in the world and the best technology school in the United States.The University of Pittsburgh has 17 schools and colleges with around 28,000 enrolled students. Pittsburgh University is located within the Oakland neighbourhood working as a commonwealth system of higher education. The university has 17 undergraduate and graduate schools. There are four undergraduate schools including the western Pennsylvania: Bradford, Greensburg, Johnstown and Titusville. The university has a developed Greek system of 39 fraternities and sororities including Delta Phi, Pi Kappa Pi, Delta Zeta and Kappa Delta. The university has several sports teams including the Pittsburgh panthers (Athletics team), Football team and Pittsburgh panther’s men’s basketball team. 

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Address

Penn Center East Monroeville
201 Penn Center Boulevard
Suite 400
Pittsburgh
Pennsylvania
15235

T: +1 7204454674

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Accounting And Finance Training | The Letters Of Credit Training in Pittsburgh. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Unlock your potential with The Knowledge Academy's Accounting And Finance Training | The Letters Of Credit Training in Pittsburgh, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

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The training fees for certification in Pittsburgh starts from $1295
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"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

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