Training course overview
In an increasingly volatile and competitive global market, negotiating and managing International Payments is vital for efficiency, liquidity and profitability. It is important therefore to understand the nature and legal issues relating to ICC Uniform Rules for Collection (URC 522 and ICC Uniform Customs & Practice for Documentary Credits (UCP600) / Letters of Credit.
This Coventry Academy training course provides a detailed analysis of the procedures/systems; the legal protection and obligations and an evaluation of these important international payment systems to enable delegates to manage the risks facing both importers and exporters effectively and efficiently.
This Coventry Academy course is designed to enable participants to negotiate and manage appropriate methods of payment, reduce risk and manage liquidity whilst remaining competitive in a volatile global market. It will cover key principles, concepts as well as best practice and market developments through interactive analysis and evaluation of case studies designed to increase the participant practical skills.
This Coventry Academy training course will feature:
- An Evaluation of the Major Risks of International Trade
- A detailed examination of ICC Uniform Rules for Collection (URC 522)
- A detailed examination of ICC Uniform Customs & Practice for Documentary Credits (UCP600)
- Future Payment Systems and Regulation
- The Essential Methods of Reducing Financial Risk