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Letter of Credit (LC)
Training program will cover the following areas:
Understanding Letter of Credit (LC):
· The dynamics of Foreign
· Need & Importance of LC
· Types of LCs
· Risk Attached to Various Types of LCs
· Parties to LC
· Issuing & Advising Bank
· Importance of Underlying Contract
Types & Terms of LCs:
Sight LCLetter of Credit Training
· Deferred Payment / UsanceLcs
· Risk &Risponsibilities of Parties to LC
· Risk of Issuing Bank in Various Types of LCs
· Documents required under LC
· Adding Confirmation to LC
· Role, Risk & Responsibilities of Confirming Bank
Export Documentation & Common Discrepencies:
· Certificate of Origin
· Shipping Document – Bill of Lading
· Commercial Invoices
· Packing List
· Insurance Policies & Certificate
· Certificates from Chamber of Commerce
· Attestations & Notarization
· Common Mistakes in Export Documentation
INCOTERMS 2010:
· What are INCOTERMS
· Rights & Responsibilities of Parties Under Various INCOTERMS
· INCOTERMS for Multimodel Transportation
· Maritime INCOTERMS FAS, FOB, CFR, CIF
· Any mode INCOTERMS EXW, FCA, CPT, CIP, DAP, DAT. DDP
· Risk Associated with Various INCOTERMS
Uniform Customs & Practices for Documentary Credit (UCP 600):
· What is UCP 600
· Difference Between UCP 600 and UCP 500
· General Provision & Definitions Article 1 – 5
· Liabilities & Responsibilities 6 -13
· Examination of Documentation 14 – 17
· Documents 18-28
· Miscellaneous Provisions 29 – 33
· Disclaimers 34 – 37
· Transferable Credit & Assignment 34 – 39
Other Related Regulation :
· Uniform Rules for Bank to Bank Reimbursement (URR 725)
· Uniform Rules for Collection (URC 522)
· International Standby Practices (ISP 98)
· International Standard Banking Practices (ISBP)
Course Details:
Course duration comprises of
· 24 Hour active class room training
· Case Studies
· 1 quiz
· Mock Assessment
BRANCH OFFICE
Office #402,
Bank Street Building,
Bank Street, Bur Dubai,
Dubai, United Arab Emirates(U.A.E).
(M) : 00971503940459
letslearn@live.com
http://www.llm-consultancy.com/lc-management/ci97
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