UCP 600 & ISP 98 Decoded for CDCS preparation
Detailed explanation of all the articles of UCPDC600 and all the rules of ISP98 for CDCS examination
Ratings 4.68 / 5.00
What You Will Learn!
- All the 39 articles of UCP600 and 10 rules of ISP98 in a practical manner with examples and graphical presentations
- The rights and obligations of the issuing bank, the advising bank, and the beneficiary under a letter of credit and a standby.
- Clear explanation of amendments, types of credits(Revocable, irrevocable, confirmed, transferable),Partial shipments, Tolerance focussed for CDCS exam
- Approach the Certificate for documentary credit specialist(CDCS) exam confidently
Description
Are you preparing for the CDCS exam? Have you already registered for the exam but did not pass on the first try? Are you confused with the articles in the UCP600? And struggling to understand ISP98 rules? Are you already in the letter of credit business but can not make decisions yet?
Then this course is for you. You are in the right place!!!
You will get
41 lectures which covers the basics of Letter of credit and explanation of all 39 articles of UCP600
23 Lectures which covers the basics of Standby Letter of credit and explanation of all 10 rules of ISP98
4 short quizzes of 10 questions each to get familiarise with CDCS questions based on UCP600
1 Practice test, where you can get a hands on experience on the model questions of CDCS exam
Welcome to the UCP 600 & ISP 98 Decoded course for CDCS preparation
A letter of credit and standby letter of credit is one of the most widely used instruments in international trade finance.
UCP600 is a set of rules that govern the issuance and operation of a letter of credit. CDCS certification is a highly sought-after certification for letter of credit practitioners, and UCP600 is the most important rule that makes up almost 60% of the CDCS curriculum. If you do not understand UCP, it will be very difficult to progress. But understanding UCP is a lengthy process throughout CDCS preparation.
Similar to UCP600, ISP98 is a set of rules which governs the issuance and operation of Standby letter of credit. Which is also a part of CDCS exam syllabus with 20% of weightage. It is a common perception that ISP98 is too difficult because of the lengthy and complicated sentence structure used throughout the document.
Therefore, I have created this course to cover all 39 articles of UCP600 and all the 10 rules of ISP98 in an easy-to-understand and concise manner to save your time before you start preparing. I have added examples, case studies, and graphical representations in all possible cases to explain the articles and other facts during the course. I assure you that by the end of this course, you will have an in-depth knowledge of UCP600 and ISP98 that will help you achieve certification on your first attempt. Although this course is specifically designed for CDCS aspirants, understanding UCP and ISP is equally important for anyone working in or intending to work in the field of trade finance.
Are you afraid to proceed with your CDCS preparation because you have no trade finance experience? Do not worry. I am an example of someone who passed the CDCS exam on the first try without having much trade finance experience. Keep learning!!!
Who Should Attend!
- CDCS/CITF aspirants
- Bankers working in trade finance or intended to work in trade finance especially letter of credit operations
