COURSE OBJECTIVES :

This course is to give participants an insight to uncover the secrets of complying with Letters of Credit. Learn the tricks of the trade and what banks are looking for when they examine the documents on a Letter of Credit. Understanding the intricate parts of a Letter of Credit (what to expect) will help you make an informed payment term decision.

COURSE OUTLINES:

• Methods of Payment Mitigating Risk 

• Impact of Incoterms 

• The General Concept and Function of Letter of Credit 

• Opening of Letter of Credit and Amendment

• Export Negotiation of Letter of Credit and Payment 

• Bank’s Duty in the Examination of Documents 

• Key Elements of UCP 600 

• Handling Discrepancies 

• Walk Through Actual Letters of Credit Transactions

Teacher-Student ratio is 1:10

Entry requirements

Minimum Age : 16 years

Academic qualification : Basic Secondary education

Proficiency Level : English at Secondary level

Course Outcomes : Certificate

Duration : 2 Full Day (OR) 5 Half Day

Mode of delivery : Classroom-based teaching with use of projector