Letters of Credit and Foreign Collection Documentation; Document Distribution

Course Lessons: 4
Minutes of Learning: 120
Cost: $95

• Understand the role of letters of credit in ocean shipments, including the importance of consistent cargo descriptions and timely B/L dates.
• Recognize the impact of payment terms, letter of credit requirements, and documentary drafts on routing, carrier selection, and bill of lading instructions.
• Learn the rules and best practices for the distribution of shipping documents, ensuring timely delivery to relevant parties, including under letters of credit and documentary drafts.
• Know the responsibilities of a forwarder in distributing shipping documents, including customs clearance and document distribution for shipments under ATA carnets.
• Understand the options and record-keeping requirements for the physical distribution of shipping documents, including collections made through carriers or documentary draft collections.