Advanced Letter of Credit

Zabeel International Institute of Management & Technology

  • Ratings
  • 4.0
  •  Last updated 12 months ago

AED 1,900

Duration: Upto 20 Hours
Location: United Arab Emirates
Delivery: Onsite course

Learning Outcome:
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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