------------------------------------------------------------
30+ MCQs
6 Downloadable PDFs to help LC document scrutiny
Detailed FAQs on document handling by banks
------------------------------------------------------------
Are you new to the trade finance domain? Are you confused about how to begin learning about Letters of Credit? Are you interested to get certified on Letter of Credit handling but not sure where to start?
Then this course is for you!
Welcome to the course on International Trade Finance - Letter of Credit & UCP 600
Letter of Credit is one of the pillars in international trade finance. The knowledge of letter of credit is essential not only for bankers but also for export-import businessmen or employees in the trading domain.
What will you get out of this course?
Be confident to handle documents against Letter of Credit
Be confident to issue a Letter of Credit
Be aware of how to scrutinize the common documents and the common discrepancies found
Understand the Articles of UCP 600 with examples
FAQs related to the practical hindrances faced in handling LC documents
Be updated with the latest advancements - Automation of Document checking using Machine Learning
Who is this course for -
Bankers
Business Analysts/ Consultants of trade finance
Students in international trade
Businessmen in the Export-Import domain who want to understand the payment methods available to them
Employees in Trading Organizations
What this course covers?
Letter of Credit – Detailed Process flow, Parties and Banks involved, and Related Knowhow
Difference between Purchase, Negotiation, and Discounting of Bills
Incoterms® 2020 and Letter of Credit
Types of Letter of Credit - In Detail
Samples of real-life documents presented under LC and important fields
UCP 600 - Easy way to remember the articles
Detailed Discussion on UCP 600 Articles with Examples
Scrutiny of Documents – What to look out for and the Most Common Discrepancies
Automation of Document Checking under Letter of Credit
Downloadable Resources - Ready Reckoners
How to issue a Letter of Credit - Understanding the MT 700 Swift Fields
CDCS Concepts - FAQs on UCP 600/ Documentary Credits
Practice Test
Why enroll?
This is a compact course that lucidly explains the entire process flow of a Letter of Credit, its various types. It discusses the practical aspects of UCP 600 and how to easily remember and implement the Articles of UCPDC 600.
This course also explains how to scrutiny bills under a letter of credit for negotiation/ purchase/ discounting. It teaches you the approach to check documents against the LC and teaches the most common discrepancies found in the various documents submitted under an LC, like Bill of Exchange, Commercial Invoice, Transport documents, Insurance, etc.
This course is highly recommended for anyone new in international trade finance or an export-import business.
This course is an introductory guide to the CDCS exam, you can invest just one hour in this course before you spend huge time and money on detailed courses.
Special care has been taken to ensure that all the explanations are simple and lucid so that anyone without any background in finance can understand.