astropixie: stellar path

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
Documentation

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

http://www.llm-consultancy.com/#!lc-management/ci97