HERTFORDSHIRE GLOBAL
Documentary Letters of Credit: A Practical Guide
GLOBAL TRADE a key driver for economic recovery
Date: 20/08/21 Time: 10:00 – 16:00 Price: Members £300.00+VAT Non-Members £350.00+VAT This one-day, on-line course provides a step-by-step guide on how to deal with Documentary Letters of Credit – from receipt of order to successful presentation. The course tutor, Alan Bracken, has over 30 years practical experience working with Letters of Credit. Focus on a real case history of a Letter of Credit gives delegates the opportunity to increase their awareness and skills of the requirements involved with using Letters of Credit. Topics Covered:
By John Woodruffe Head of International Trade and Policy
The British Chambers of Commerce held their Global Annual Conference in June. The BCC’s new Director General, Shevaun Haviland, set out her thoughts on the action needed to help firms and communities rebuild following the pandemic. She also stressed the key steps needed to boost UK trade, unblock the blockages in skills training and build a greener, more sustainable economy to meet the target of net zero by 2050. Trade and export are very much at the heart of her future vision for the country and if we are to succeed, Shevaun has argued that government and businesses must work together behind a shared UK trade and investment strategy. Shevaun also said that although some lockdown restrictions have been extended for a further four weeks, coupled with the various challenges many firms are facing such as the rising burden of debt and depleted cash flow, there are signs that many firms are beginning to feel more positive going forward. However, she warns of a high risk of redundancies and insolvencies and the recovery will naturally be uneven across different sectors, locations and demographics and that continued government support is vital. Finally, she paid tribute to the role that accredited Chambers of Commerce have made to help businesses during this difficult
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time. She also mentioned the growing network of 73 international Chambers, putting us in a unique position of strength to grasp global opportunities as we open up again. Alongside Haviland’s speech, the BCC has also published their Rebuild report – which sets out the detail of what the organisation believes is needed for UK businesses and communities to prosper in 2021 and beyond. Needless to say, we at Hertfordshire Chamber of Commerce remain committed to assisting you in a variety of ways to trade. Members of the Chamber receive 50% reduction in the cost of Export documentation processing, there is access to the CONNECTS platform (details as per a previous Inspire article and access to this can be found on our website) along with help accessing our overseas network. We have also held a series of webinars in conjunction with the overseas network, the latest being Dubai, which can be found on our past events website page. For help or advice please do not hesitate to contact us.
johnwoodruffe@hertschamber.com
• Requesting a workable Letter of Credit • Selecting the correct Letter of Credit • Preparing Bills of Exchange (Draft) • Examination of supporting documentation • Cost of trading under a Letter of Credit • UCP 600 • Examining and understanding the role of the UCP 600 in the Letter of Credit transaction and its impact upon documents to be presented for payment • Examination of a Letter of Credit in conjunction with UCP 600 Delegates will be involved in a practical exercise, examining and correcting documents before payment is made. Delegates are encouraged to use their own Letter(s) of Credit during the course as a learning tool. On completion of the course, all delegates receive a certificate of attendance and a free helpline number they may contact for advice regarding future Letters of Credit. Also includes a free copy of UCP 600, a certificate of attendance, all written materials, PLUS a follow-up helpline to the lecturer. Register your place on the Herts Chamber website.
