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Import-Export Terms, Collections, & Letters of Credit

C2 – Import-Export Terms, Collections, Letters of Credit Online Training

$360

Study Time (Hrs)

24.5

CE Credits (CCS & CES)

20

Enroll

NOTE: You will be prompted to Register if you have not already done so. If you already have a login, please click “Proceed to Enrollment” on the next screen.

  • update your skills fast
  • Learn at your own pace
  • more cost effective
    than in-person training
  • Instant Certificate of Completion
  • CE credit qualified

This class covers the full range of payment terms and methods typically used by importers and exporters and is particularly useful to importers and exporters for negotiating payment terms, collections, and Letters of Credit with foreign trading partners.

 

Once you finish this course, a printable Certificate of Completion will be available for download. The course can be completed in 24.5 hours or less and earns NCBFAA-registered students 20 CCS/CES continuing education credits.

 

Important: Students should have access to the ICC Publication ICC Uniform Customs and Practice for Documentary Credits (UCP600) available directly from the on-line ICC Bookstore (the leaflet version will do). The ICC publication ICC Uniform Rules for Collections, URC 522 is recommended but not necessary to course study.

  • Basic Concepts
  • The Spectrum of Payment Alternatives
  • Common Export/Import Payment Terms & Options
  • Documentary Draft Collections; Electronic Collection Options
  • Completing Drafts, Collection Instructions, Document Transmittal
  • Letters of Credit — Rules, Benefits and Risks
  • L/C Application Procedures
  • L/C Scrutiny by Beneficiary; Amendment Procedures
  • L/C Document Presentation, Discrepancies and Getting Paid
  • Typical L/C Problems at Time of Shipment
  • Preparation of Typical Documents Required Under an L/C
  • Documents Required Under an L/C, cont.; Document Presentation
  • Avoiding Document Rejection by L/C Negotiating Bank; Negotiation and Payment
  • Special Payment Situations; Reduction in Risk for Open Account Sales
  • A Freight Forwarder’s Role in Foreign Collections
  • A Forwarder’s Key Letters of Credit Concerns
  • Processing Other Types of Collections; Document Transmittal & Follow-Up
  • Click here to view a detailed class syllabus
C20u US Import/Export Basics
C21u Intro to US Importing: Release & Entry Process
C22u Intro to US Importing: Customs “Entry”, Related Requirements & Enforcement
C23u Intro to PGAs (Partner Government Agencies) with U.S. Import Requirements
C1.1 Incoterms 2020: Overview (click here for Spanish)
C1 Incoterms 2020: Export-Import Transaction Fundamentals
C1.2 Incoterms 2020: Freight Forwarders & Customs Brokers
C1.3 Incoterms 2020: Practical Concerns & Forwarder Issues at Time of Shipment
C2 Import-Export Terms, Collections, & Letters of Credit
C3 Import & Transit Requirements for Destination Countries – International Exporters
C3u Import & Transit Requirements for Destination Countries – US Exporters
C4 ATA Carnets Intro – International Exporters
C4u ATA Carnets Intro – US Exporters
C5 HTS: Harmonized Tariff Schedule Classification
C6.1u HTSUS Classification: Introduction
C7u HTSUS Classification: Multiple Assessments & Certification
C8u HTSUS Classification: Post Evaluation & Practice
C10 Math Fundamentals for International Trade & Shipping
C11 Math Fundamentals for Customs Brokers
C13u Forced Labor Prevention and Social Compliance Overview
C14u Food and Drug Administration Regulated Imports
C16u FTZs: An Introduction to US Foreign Trade Zones
C17u US Customs Reconciliation
C18u Country of Origin Marking Requirements
C43u An Introduction to USMCA
C208u Antidumping & Countervailing Duty
C9801u HTSUS9801 – Documenting & Classifying Goods Returned to the US

For those who are already a Certified Customs Specialist (CCS) or a Certified Export Specialist (CES) registered with the NCBFAA, provide us with your CCS/CES ID number and you will automatically get continuing education credits upon the successful completion of a qualified course. To get your CE credits, follow these easy steps:

 

  1. Register for DB Schenker online training (if you haven’t already done so)
  2. Login with your user name and password, and you will be directed to your “My Page” section.
  3. Select “Update user record” on the right, enter your CCS or CES number in the “NCBFAA ID” field, and click Submit Update.

That’s it! Once you’re signed up, we’ll automatically send any CE credits you earn directly to the NCBFAA!

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