CDCS Training and Courses Online

Zabeel International Institute of Management & Technology

  • Ratings
  • 4.0
  •  Last updated 12 months ago

AED 5,000

Duration: Upto 60 Hours
Location: United Arab Emirates
Delivery: Onsite course

Learning Outcome of CDCS training Course1
✓  The benefits of continuing professional development include the following:
✓  It enables you to demonstrate a level of expertise in documentary credits recognized worldwide
✓  It improves your knowledge and understanding of the complex issues associated with documentary credit best practice
✓  It helps you develop the skills needed to apply your knowledge in the workplace and maximize your performance
✓  It helps you to learn how to comply with regulatory requirements
✓  It fosters innovation in customer service and improves your customer relationships
✓  On completion of the CDCS  qualification, you will be able to use the designation CDCS after your name for three years and be included on the CDCS Registry.

Detailed Course Content:
✓  CDCS® 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, URR 725 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
✓  Risk issues, including types of risk, control and mitigants
✓  Related products, including letters of indemnity, air way releases and steamship guarantees
✓  Implications of breaching rules related to financial crime including money laundering and terrorist financing

CDCS Training Course Outline:
✓  The history and use of documentary credits
✓  The role of the International Chambers of Commerce and the development of the UCP
✓  Documentary credits and other methods of settlement
✓  Definitions
✓  The sales contract and INCOTERMS
✓  Pre-issuance considerations and requirements
✓  Issuing a documentary credit
✓  Amendments from an issuing bank perspective
✓  Advising a documentary credit
✓  Confirming a documentary credit
✓  Advising amendments to a beneficiary
✓  Document characteristics and preparing documents
✓  Examining documents
✓  Examining transport documents
✓  Examining insurance, financial, commercial and official documents
✓  The role of the nominated bank
✓  Honor or negotiation
✓  Refusing documents
✓  Transferable credits, back-to-back credits, and assignment of proceeds
✓  The features of documentary credits
✓  Standby letters of credit
✓  Bank-to-bank reimbursements and reimbursement from aid agencies
✓  eUCP
✓  Dispute resolution

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