Advanced Letter of Credit
This course develops core knowledge and understanding of the following areas:
✓ Documentary credits – types, characteristics and uses, including standby credits
✓ Rules and trade terms, including ISBP 745, ISP 98, UCP 600 and Incoterms 2010®
✓ Parties to documentary credit transactions and their roles and obligations
✓ Types and methods of payment / credit used in documentary credit transactions. Types of transport, commercial and financial documents used in documentary credits
Detailed Course Content:
✓ Basic Course on International Trade Finance and Documentary Credits.
✓ International Trade and Methods of Payment
✓ Open Account, Advance Payments, Documents Collection, Sight and usance, Documentary Credit
✓ Sales Contract and Incoterms.
✓ About Documentary Credit, Parties involved in Documentary Credit, Mechanism of Documentary Credit, Amendments, Advising of letter of credit and amendments.
✓ Different Types of Letter of Credits. ( sight LC, Usance LC , Standby LC, Transferable LC.
✓ Revocable and irrevocable LC, Back to Back LC, Red Clause letter of credit, Green Clause letter of Credit., Revolving letter of Credit)
✓ Documents required under International Trade i.e Draft. Invoice, Transport Documents, Insurance, Certificate of Origin, etc.
✓ Issuance of letter of credit including pre Issuance considerations
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