Letters of Credit in Practice
You follow one documentary credit from the day it arrives to the day it is paid. You see the fields that are really a specification, and the amendment that is the only fix. You price four discrepancies on a shipment nobody complained about. You read confirmation as a product with a price. And you get an honest reading of what a credit does not cover.
Published by Merchandising Academy · First lesson free to read
Course value
What will you be able to do?
Work outcome
You can read a letter of credit for the terms that will refuse your documents, price what a payment term actually costs you in working capital, and choose an instrument that matches the risk you are carrying.
Who it is for
Factory, supplier, brand and buying-office teams.
What you will produce
You build a working credit file for one export order. You do a day-one read with a named owner against every field. You build an amendment request designed to be accepted whole. You build a document calendar backwards from the earliest of the credit's three dates. You price four discrepancies to the cent. You read a confirmation quote as a price signal. And you build a go or no-go table for the next credit that arrives.
Learning format
7 lessons · 0 templates · workplace calculations and decisions.
Lessons
- 01The credit arrives, and it is a specification🔒24 min
- 02The amendment is the only fix, and three parties must agree🔒22 min
- 03What a discrepancy actually is🔒23 min
- 04Refusal, waiver, and the discrepancy you cannot cure🔒22 min
- 05Three dates, one calendar, and the document with the longest tail🔒21 min
- 06Confirmation is a product, and it has a price🔒20 min
- 07What a credit protects you against, honestly🔒18 min