How to Buy and Sell Using a Letter of Credit in International Trade – Full Syllabus

Our online Letter of Credit course is suitable for beginners and practitioners alike.

Understand how to request a letter of credit or the documentation required on presentation to be paid on a letter of credit. This course teaches you how to avoid being one of the 70% who go unpaid on first presentation of their Letter of Credit to the bank.

Taught with a series of pre-recorded videos, study in your own time, at your own pace, with no start or end date.

Subtitles available in English

Course Cost: £399

Module 1: (Video Length: 43m 8s)

Definition of a Letter of Credit

Understanding the parties involved in a Letter of Credit

  • Opener
  • Beneficiary
  • Issuing Bank
  • Advising Bank
  • Confirming Bank

Examples of Letters of Credit

  • Irrevocable
  • Confirmed
  • Transferable

Module 2: (Video Length: 47m 44s)

Instructions on how to open a workable Letter of Credit

Module 3: (Video Length: 21m 27s)

The role of UCP 600 (2007 revision) and why it’s important

Close examination of the typical documents required for a Letter of Credit In conjunction with UCP 600

  • Invoice
  • Bill of Lading
  • Insurance Certificate
  • Packing Note

Module 4: (Video Length: 15m 15s)

Definition of a Bill of Exchange (draft)

How to prepare Bills of Exchange

  • Sole
  • Set
  • Sight
  • Term

Module 5: (Video Length: 41m 12s)

The role of third parties in a letter of credit (freight forwarder, chamber of commerce)

Checklist before presenting documents for payment

Vertically and horizontally examination of documents

How to handle a non-compliant presentation

Document Library:

  • Examples of Letters of Credit (In conventional and SWIFT format)
  • Examples of Bills of Exchange
  • Sample: Template Bill of Exchange
  • Sample: How to request a workable letter of credit
  • Bill of Lading
  • Commercial Invoice
  • Insurance Certificate

Flow Charts:

  • How a Letter of Credit is established
  • How a Transferable Letter of credit works
  • Vertical and horizontal examination of documents prior to presentation for payment

Enroll Now

Emma

The course has been great to build on my previous knowledge and experience

I completed ABTS letter of credit course. The course has been great to build on my previous knowledge and experience. Alan is very knowledgable, the course is set out very well. Alan is also very helpful and always quick to respond to queries. I highly recommend courses with ABTS

African Jamaican

Empowering Education for a Self Reliant and Empowered Future

As a novice with no previous experience, I am extremely happy that I took the three-course bundle; it has excellent long-term value. I can go back for guidance anytime I'm stuck or need a refresher in the future. The bundle was well-rounded and progressive. Alan offers a bonafide and insightful curriculum, along with invaluable support and a light humourous joke or two along the way to keep you enagaged. I also got invaluable advice/consultation when I decided to start-up after finishing the courses. This not only gave me the confidence to start my own enterprise but also the support, knowledge and skills required to work day-to-day in the sector mid recession - what more can i ask for. A very good course, without any cheesy upsells!

Samar

Truly an amazing mentor with huge experience in the field.

After completing the ABTS training course I felt extremely confident to start my own import export agency. The lectures were very clear and informative. Mr. Alan is very approachable and is always there to help his students in every step of their career. He’s truly an amazing mentor with huge experience in the field.

Martyna J.

Comprehensive & practical course

This course is the ESSENCE of what you really need to know if you want to become an agent. It gives practical knowledge how efficiently orientate yourself in this business. I found Alan's tips based on his experience extremely useful as it pointed out what I should watch out not to make losses but to make a successful business deal. The course material is presented in such a simple and easy to understand manner. Highly recommend!

Rumi Kamburova

Course Tailored made for you…

I signed up with ABTS in May after deliberating between few other online courses. I had a phone call from Alan explaining me about the course itself, the modules and the topics covered and as soon as I put the phone down, I signed up with ABTS. This course is tailored made and explains you exactly what you need to know and how to put your knowledge into practice. Alan is great and takes time to explain every detail supported with a lot of examples from his personal experience. Thank you Alan.

Lauren Rojahn

Excellent Service

Dealing with ABTS has been a really positive experience throughout. Everyone is very friendly and responsive. Alan’s knowledge on import and export is excellent. We are so pleased to have found ABTS and would highly recommend if you need advise. We will be using ABTS for our needs moving forward.

Kate Sukhanova

International trade 5*

International trade is a tricky topic to grasp, and it's even harder to teach it in an accessible way. But that's exactly what Alan's course manages to achieve. Armed with the knowledge and applied examples provided during the course, I now have a clear understanding of international trade documentation and the overall process. Thank you!

Bob Mogg

A clear understanding of International Trade

This is a very enlightening well thought through training school. Should you wish to understand the mechanics of international trade, then Alan Bracken's teachings are in my opinion the best on the market. The content is thorough and covers all aspects of import export and gives the student all the tools to start their own business in foreign trade.

Pulok Dey

Thanks for creating such a masterpiece platform

I was in a mood of Entering into the export import industry from my early hood. That's why I was wandering about the best course online. After a huge research I found ABTS Logistics at the end that seeming to be fulfilling my desire. Thanks Alan & the whole team for creating such a masterpiece platform. Want to stay with you forever as from the day one.

Halima Habib

Great, up to date course with helpful course tutor

I am enjoying the course so far, I have learned a lot. Any questions I have had so far have been answered by Alan. The course is concise and has been updated for the new incoterms and also for changes after Brexit. Very useful course notes available to download as well as references to useful documents. I would recommend this course to anyone looking to start a business in international trade.

Loan

Best Course Ever

Before coming to ABTS, I did joined another course costs me $1200. They give me too much general information. Then I decided to take another cost of Mr. Alan. It's so much different, it is so much practical, easy to understand. And it is specifically that you can communicate or get support directly from Mr. Alan. This is the best course ever, it is worth with your money. Don't miss it.

Carl Smith

Great Value Quality Import/Export Training

An excellent Import/Export course that will give anyone who wants to pursue a career in this interesting area of work a good grounding in knowledge. Students can do the course at their your own speed knowing that help is available should they have any questions. I thoroughly recommend this course.

Diana

Excellent course

I´ve just finished the Import Export Documentation Procedure course. I really enjoyed it, it is an excellent course to do if you are new to international trade or if you want to refresh your knowledge. The course is well structured and very practical. I would highly recommend it. Alan is very helpful and so is his feedback.

Karol Schulz

The best online logistic course ever.

In my opinion the best online logistic course ever. I am new in import/export but the course did teach me everything about international trade in very easy way. The support from Alan was always there whenever I had question. I would definitely recommend this course to anyone.

Sophia Jang

The most worthy practical logistics online course EVER!

I believe it's the most worthy practical logistics online course EVER! The online tutor helped me a lot to understand what I don't get. Even I met the main tutor after finishing the course for discussing questions. The tutor went through my CV too. I feel I have my helper for learning the knowledge of logistics and getting a job.

Semra

All I needed from an international trade course

Before I took the ABTS online course, I was working as a Customer Service Assistant. The online course thought me everything about international trade, import and exporting and it helped me to find a job in a supply chain department. The support for Mr Alan Bracken and his team was always there whenever I had questions while I was working in supply chain. After working in 4 years in my last company, I am now responsible for all import and exporting processes in our successfully run family business. Thank you for everything ABTS! Semra Arslan