Securing payments is one of the biggest concerns for exporters. This course covers all the major international payment methods, such as Advance Payment, Open Account, Documentary Collection (DP and DA), and Letter of Credit (LC). You will also learn how banks, exporters, and buyers work together in these systems, including SWIFT transactions and foreign exchange handling. The course also covers risk management strategies to protect against currency fluctuations, buyer defaults, and fraud. You’ll gain practical knowledge about export credit insurance, ECGC (Export Credit Guarantee Corporation), and hedging techniques. After completing this program, you’ll be able to confidently negotiate payment terms with buyers and ensure that your transactions remain secure.
Advantages:
- Master all types of international payment systems.
- Reduce risks of fraud and delayed payments.
- Learn how to work with banks, LCs, and SWIFT systems.
- Understand currency fluctuations and hedging.
- Secure transactions with insurance and risk management tools.