Course Details:
- Letter of Credit Operation & Settlement Mechanism
- Different types of L/Cs and Obligations of Different parties involved in L/C
- Advising & Confirming Export L/Cs
- Back to Back L/C & Exercise on Back-to Back L/C
- Transport documentation, Bill of Exchange
- UCPDC-600; Invoice & Other Documents
- International Trade Policy and Procedures, Inco-terms
- Scrutiny Lodgment, Retirement of Import Bills
- Pre-shipment & Post-shipment Export Financing under L/C
- Negotiation of Export documents
- Learning Checks & Group Presentation
- Banking Activities in general
- Chief banking activities
- Trade Finance
- Operational banking activities
- International Trade
- Scope of International Trade
- Banks role to support International Trade by trade finance
- Trade Finance Products
- Letter of credit – Import
- Letter of credit- export
What you will learn:
- Definition: Letter of credit Types of LC
- Parties involved in L/C
- LC opening procedure in banks
- UCP-600 (To eliminate risk)
- Scope of UCP
- Shipping documents to clear goods from port
- Shipping guarantees
- Trust receipts financing (LC +Open A/C)
- Collection products
- Collection documents
- L/C Discounting at bank risk or customer Risk (with recourse and without recourse)
- Factoring /Invoice discounting
Requirements:
No experience required
Who can attend:
The business owners or individuals are interested to start export-import business , business graduates & engineering students, professional engaged in Export, Import, Procurement, Logistics, Supply Chain, Distribution ,Shipping, Freight Forwarding ,C&F, Indenting, Agency Business, Customs, Courier ,Training, Finance & Accounts, International Trade and many more learning minded people those are involved in Private Sector, Public sector and Nonprofit organizations (NGOs)
Learn by doing
- Safely expand business internationally
- Highly customizable
- Seller receives money on fulfilling terms
- Works as a credit certificate for buyer
- Seller is free of credit risk
Quick to execute for creditworthy parties
