Letter of Credit (LC) Training in DUBAI,CANADA,USA,Uk,INDIA

Letter of Credit (LC)

 Course Contents:

Training program will cover the following areas:

Understanding Letter of Credit (LC):

·         The dynamics of ForeignTRADE

·         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 LC

·         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 DocumentationLC Training in DUBAI

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