Tracy Jansen Tracy Jansen

BC - aSIB 22.1.14 (2)
Intermediate level


Unit 11 - Financing international trade Letter of Credit & IncoTerms


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Main Aims

  • To provide clarification and review of the process of a Letter of Credit in the context of international trade

Subsidiary Aims

  • To provide clarification and review of language used for IncoTerms in the context of international trade.


Introduction (5 minutes) • To prepare students for the text and make it accessible

Discuss the differences between a Bill of Exchange and a Letter of Credit

Process of Letter of Credit (40 minutes) • To concept check and prepare students for more meaningful practice

Explain process of financing international trade on WB, with cards, while students read & decide order of process

Presentations of Incoterms (15 minutes) • To familiarise students with 4 main terms of codes of trade between different countries.

Using cards on the WB, explain the four major terms of codes that simplify trade between countries.

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