Letter of Credit, Trade Finance, ISBP, UCP 600/500 Made Easy
All about documentary credit by bank, UCP 500/600 and ISBP, Types of LCs, Discrepancies, Frauds, Precautions, Online LC
Ratings 4.12 / 5.00
What You Will Learn!
- Different methods of receiving international payments in exports. Nature of movement of goods and payments. Choices available. Significance of each methods.
- Role of international banks in international trade financing and documentary credit. Why do you need an intermediary in international trade transactions ?
- Typical exports and documentary credit cycle. Rules of the international trade transactions. Typical traditional LC cycles. Role of Different types of banks.
- Types of International Letter of credit. Role and significance of different types of documentary credits in international trade financing. Situations, Variants.
- International Letter of Credit Opening Instructions. Role of draft LC opening instructions as suggested by exporter and actual LC opening instructions filed.
- Precaution taken by beneficiary before accepting letter of credit. Checklist of problems that may arise while reviewing LCs by the exporter and as advised.
- Common discrepancies in LC documentation presentations. Checklists of problems commonly seen in documents presented to banks for negotiations across countries.
- Role of UCP 500/600. How UCP rules affect international payment through banks and international trade financing. How does the system works and serve traders.
- Role of ISBP 2007. What is ISBP ? How does it help banks and applicants over UCP and how does it differ ?
- International Letter of Credit Frauds and prevention. What are common anomalies and aberrations as observed by banks all over the world.
- Overview on UCP 600 compared with UCP 500. Comparing the articles and common themes. Emergence of UCP 600 over UCP 500.
- Common provision of UCP 600. What is new? Why you should opt for UCP 600 for your letter of credit transactions. How UCP 600 is more helpful over earlier ver.
- New additions to UCP 600. What are new changes brought to UCP 600? How these changes are made by ICC and Why ? What it means for the trading parties and banks ?
- Emerging role of new revolutionary Blockchain based LCs. How Blockchain based LCs can revolutionize the way international trade is done especially by MSME.
- All about INCOTERMS 2020. Roles, risks and responsibilities distribution among trading parties based on agreed commercial terms. Sea and Place to Place Terms
- What is the role of AI and AI based models in International Trade Financing. What are the benefits of new technologies emerging in alignment with AI power.
Description
Unlock the World of Trade Finance: Letter of Credit, Trade Finance, ISBP, UCP 600/500 Made Easy
Welcome to a comprehensive journey through the intricate world of trade finance. "Letter of Credit, Trade Finance, ISBP, UCP 600/500 Made Easy", a VJ Export Mastery Series Course, is your gateway to mastering the art of documentary credit by banks, understanding the nuances of UCP 500/600 and ISBP, and navigating the complexities of Types of LCs, Discrepancies, Frauds, Precautions, and Online LC processes.
#TradeFinance #LetterOfCredit #UCP600 #ISBP
Your Essential Guide to Trade Finance
Trade finance is the lifeblood of global commerce, and understanding its core components is essential for individuals and businesses engaged in international trade. This course is designed to demystify the world of documentary credit, making it accessible and easy to comprehend.
#InternationalTrade #TradeFinanceEducation
My Journey: Pioneering Trade Finance Education
With over 22 online courses as part of VJ Global MBA Knowledge Courses Series on Udemy, most of which centered around international trade and business, I had a profound realization. While these courses covered a wide array of trade-related topics, there was an essential component missing – a comprehensive course that provided complete knowledge about the letter of credit and international trade finance. This realization was the spark that ignited the creation of this course. #TradeFinanceCourse #ComprehensiveEducation
Pioneering Excellence
My journey took an exciting turn as I recognized the need to bridge the gap between theory and practice in trade finance. I saw the necessity for a course that could provide students with a holistic understanding of letter of credit, UCP rules, and trade finance essentials. With this vision, I embarked on the mission to create a course that would empower learners with the knowledge they need to navigate the complexities of international trade finance with confidence.
#TradeFinanceSkills #HolisticLearning
Course Highlights: What You'll Learn
Documentary Credit Deconstructed: Gain a profound understanding of what LCs are and how they work.
UCP 500/600 Deciphered: Navigate the Uniform Customs and Practice for Documentary Credits with ease.
Types of LCs Explored: Explore the diverse range of LC types, from Revocable to Confirmed, and more.
Preventing Discrepancies and Frauds: Equip yourself with the knowledge to safeguard your transactions.
LC Precautions Unveiled: Learn the essential precautions to ensure seamless LC processes.
Online LC Simplified: Embrace the convenience and efficiency of online LC transactions.
Blockchain Based Letter of Credit
Role of AI in International Trade Financing
#TradeFinanceInsights #DocumentaryCredit
Who Should Enroll?
Business Professionals: Enhance your trade finance knowledge for international business success.
Exporters & Importers: Master the intricacies of LCs to streamline your overseas transactions.
Finance & Banking Enthusiasts: Deepen your financial acumen with trade finance fundamentals.
International Trade Enthusiasts: Kickstart your global trade journey with a strong foundation in trade finance.
#TradeFinanceFoundation #FinancialAcumen
Enroll Now and Master Trade Finance Essentials
Join us in "Letter of Credit, Trade Finance, ISBP, UCP 600/500 Made Easy" and embark on a journey that will simplify trade finance, empower you with essential knowledge, and open doors to seamless global transactions. With expert guidance, real-world applications, and a strong foundation, you'll be ready to navigate the international trade landscape with confidence. #TradeFinanceJourney #InternationalBusiness
Ready to demystify trade finance? Let's embark on this knowledge-packed journey together.
Complimentary copy of the published book on the same topic
Here in this course, a complimentary copy of my published book will be available to each enrolled student. This book will be a good supporting text as the chapters in this book are in alignment with the sections in this course. The book is written accordingly. The book is also available on Amazon Store and Kindle in paperback and a hard copy.
#TradeFinanceBook #ComplimentaryCopy
Who Should Attend!
- Any one looking for high paying salaries in the LC departments of MNCs, Banks
- Anyone looking for career in managing digital letter of credits working from home
- Exporters and importers who want to refresh and update their complete knowledge about LCs
- Students looking for career in global business
- Entrepreneurs with global ambitions
- New startups in the area of blockchain based international trade soltions
- FX dealers
- International banks professionals or bank job seekers
- Working professionals in international trading companies
- Senior managers managing global operations
