International Letter of Credit & UCP: Advanced Certification
Learn how LC cycle works for exports and imports. All about UCP 600 & 500 and ISBP 2007. Types of LCs / Discrepancies.
What you’ll learn
-
Different methods of receiving international payments in exports.
-
Role of international banks in international trade financing and documentary credit
-
Typical exports and documentary credit cycle.
-
Types of International Letter of credit
-
International Letter of Credit Opening Instructions
-
Precaution taken by beneficiary before accepting letter of credit.
-
Common discrepancies in LC documentation presentations.
-
Role of UCP 500/600
-
Role of ISBP 2007
-
International Letter of Credit Frauds and prevention
-
Overview on UCP 600 compared with UCP 500
-
Common provision of UCP 600
-
New additions to UCP 600
-
Emerging role of new revolutionary Blockchain based L/Cs
-
All about INCOTERMS®2020
Requirements
-
There are no course pre requisite to this course
-
Little knowledge of typical export process is desirable
Who this course is for:
- 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