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[Trade and Commerce Archive] Trade Payment Settlement Essentials

We provide easy-to-understand information about three payment methods: remittance, collection, and letter of credit, along with practical precautions for each payment method and the key document examination criteria for letter of credit payment methods. Through this, you can apply trade transaction selection know-how in the right place at the right time by using payment methods suitable for each situation in trade transactions.

2 learners are taking this course

Level Beginner

Course period Unlimited

  • kpcre
Management
Management
Management
Management

What you will gain after the course

  • You can understand various payment methods and reduce the risk of payment collection.

  • You can develop perfect reading comprehension skills for the content of letters of credit.

  • You can secure flawless shipping documents by familiarizing yourself with the key document review criteria.

Methods to reduce payment collection risks in international trade!


In international transactions, the risk of payment collection is greater than in domestic transactions, so it is essential to understand this accurately above all else. Trade payment settlement is one of the most important aspects of international trade transactions. This is because various risk factors exist as these are transactions conducted between countries. What is usefully utilized at this time, namely the safety mechanism for trade payment settlement, is the letter of credit (L/C).

This course provides easy-to-understand explanations of three payment methods: remittance, collection, and letter of credit, along with practical precautions for each payment method and the key document examination criteria for letter of credit payments. Through this, you will be able to apply trade transaction selection know-how in the right place at the right time by using payment methods suitable for each situation in trade transactions.


Field-centered education

  • You can reduce payment collection risks by selecting methods that suit practical situations through various payment methods.

  • You can develop various work skills by presenting practical work methods rather than theory-centered education.



Presenting key points focused on practical application

  • You can learn by topic through micro-learning focused on core keywords that can be immediately applied in practical work.

Course Outline


  1. Import/Export Payment Settlement and Trade Practice

  2. Import and Export Payment Settlement and Bills of Exchange

  3. Collection payment method and remittance payment method

  4. Letter of Credit Payment Method

  5. Reading Letter of Credit Content (1)

  6. Reading Letter of Credit Content (2)

  7. Key Document Review Criteria

  8. Processing of Defect Documents

Presenting differentiated content through recruitment of specialized professors in trade and commerce

We recruit specialized professors in trade and commerce to provide lectures that carefully select only the core skills required in industrial settings. We have recruited instructors who are highly praised for their in-depth lectures at corporations, public institutions, and universities to present professional and differentiated content.

CEO Kim Young-hoon

Current) CEO of International Trade Development Center

Current) CEO of Gyeyeong Publishing

Current) Adjunct Professor at Korea Financial Training Institute

Current) Korea International Trade Association Trade Academy, WowPass, Korea Productivity Center Instructor

Former) Senior Researcher at Korea Institute of Origin Information


Recommended for
these people

Who is this course right for?

  • Practitioners and managers in import/export, customs clearance, and tariff-related departments

  • Trade and International Logistics, Overseas Sales, Foreign Procurement Practitioners and Managers

  • Practitioners and managers who are interested in understanding and improving overall trade transactions, including customs refunds, customs clearance, import/export, overseas market development, overseas buyer discovery, and origin management

Hello
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Learners

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Reviews

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Answers

4.7

Rating

192

Courses

As an affiliate of the Korea Productivity Center established in 1987, we provide essential job training for employees of corporations and public institutions.

We have developed job-duty-task-based educational content to strengthen practical skills, based on the actual 'work' that occurs in real corporate business environments.

Experience job training on a whole new level!

Homepage : https://www.kpcice.or.kr

Curriculum

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24 lectures ∙ (4hr 38min)

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$69.30

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