Letters of Credit & Trade Finance
Course Overview
This two-day virtual programme covers trade finance instruments and payment methods used in international trade with a focus on African trade transactions. Understanding trade finance is essential for managing payment risk and ensuring that importers and exporters can trade with confidence across African markets.
Participants will learn about the different types of letters of credit, documentary collections, bank guarantees, and other trade finance instruments. The programme covers the complete LC lifecycle from application through to payment, common discrepancies that cause refusal, and the role of banks in facilitating African trade finance.
Practical exercises using simulated trade scenarios from African import and export transactions help participants understand how to structure trade finance for maximum security and efficiency.
Who Should Attend
- Import and export managers managing trade payment terms
- Trade finance professionals at banks and financial institutions
- Freight forwarders advising clients on documentary requirements
- Credit controllers managing international trade receivables
- Business owners engaged in cross-border African trade
Learning Outcomes
- Understand the different trade finance instruments and their risk profiles
- Manage the letter of credit lifecycle from issuance through to payment
- Identify and prevent common discrepancies that cause LC refusal
- Select the appropriate payment method for different African trade scenarios
- Work effectively with banks to structure trade finance solutions
Course Modules
Trade Finance Fundamentals
Payment methods in international trade, risk analysis, open account, advance payment, documentary collection, and letter of credit comparison.
Letters of Credit in Detail
LC types, application process, advising, confirmation, amendment, presentation, examination, and the role of UCP 600 rules.
Discrepancies & Risk Management
Common discrepancies, refusal strategies, risk mitigation, alternative instruments, bank guarantees, and trade finance for African markets.
Course Details
Upcoming Intakes
Prices are displayed for convenience. Final billing may be processed in South African Rand unless otherwise agreed.
