Letter Of Credit Workshop is designed for participants to understand the mechanism of handling letters of credit. Experience the concept of Benefits of Using Letter of Credit under UCP 600, Payment Methods on Letter of Credit, Income Terms 2010.
Who should attend?
Bankers, Accountants, Finance professionals, Export, Import Traders, Logistics Coordinators, Managers, Customer Service personals, and interested participants.
Course Outline:
· Letter Of Credit Explained
· Parties Commonly Involved In Letters Of Credit
· How Letters of Credit Works
· Banking Procedures
· Swift Code for Banking process
· MT 700, MT 701, MT 740, MT 760
· URR 725 and Bank-to-Bank Reimbursements
· Special Types Of Letters Of Credit
· Transferable
· Standby
· Revolving
· Letter Of Credit Payment Procedure
· Documentary Collection (Sight & Time draft)
· Documents Required Under A Letter Of Credit
· Explanation Of Inco Terms 2010
· Review On L/C
· Most Common Reasons Why Letters Of Credit Fail
· Letter of Credit Discrepancies
· Letter of Credit Amendments
· Tips for Sellers
· Tips for Buyers
· UCP 600 Key Articles
· Introduction to ISBP 745
On the Training Activities:
Case Studies
Banking process for LC
Swift Codes
Sample LC review and discussion
LC discrepancies discussion
Letter of Credit Application preparation guideline
Letter of Credit Application preparation
Letter of Credit checklist
Bill off Exchange checklist
Bill of Exchange /Draft sample
Commercial Invoice Checklist
Transport Documents checklist
Transport documents samples
Incoterms 2010 chart
UCP 600 Key Article discussion
For more details LC Payment and incoterms Training in Dubai, check the link- https://www.stceducation.org/courses-dubai/letter-of-credit-training-in-dubai