Letter of Credit
Open Account / PIA
Documentary Collection            
Banking Terminology

Methods of International Payment - from the Forwarder's Perspective

Time Draft... Sight Draft ... Drawee... Beneficiary ... Applicant ... Issuing Bank ... UCP 600 ... INCOTERMS® & required documents ... Confirmed ... Pro Forma Invoice basis... Advising Bank ... Collecting Bank ... Bank Letter of Transmittal ... Reviewing the L/C

Training Topics
  •  Comparison of Intl Methods of Payment 
  •  Risk factors of payment methods
  •  Familiarity with basic terms used by Bank
  •  Step-by-step of L/C cycle
  •  Shipment example
  •  Components of L/C to review

Copyright © 2000 H.C. Bennett Company. All rights reserved.
Revised: January 19, 2025

Two 45 minute one-on-one tutoring sessions preceded by syllabus, reading, homework, test questions and annual subscription to International Ops Manual on HCB Cloud

Register
Training ...Individualized for International Trade Ops

 Operation Tools  ... for Import/Export Ops

 Trade Manager... IOR/ Export Management