How Does An Overseas Letter of Credit Work? | A Short Course
A beginner’s guide on – How does a LC work?, What is UCP?, Types of LCs, Blockchain Based LC, Role of Banks, Costs of LC
What you’ll learn
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Beginner’s concepts on how does a traditional overseas letter of credit work
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What are the typical parties and banks in a simple letter of credit cycle
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What is UCP 500/600 and its role in international L/C operations
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What is a blockchain based letter of credit?
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What are the different types of letter of credits
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What is the basic framework of of typical exports transaction involving a letter of credit
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What are the different costs and fees associated with letter of credit and who pays what part.
Requirements
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This is a beginner’s course and there are now course requirements and prerequisites
Who this course is for:
- Management Students
- International Business Students
- Exporters and importers
- Working executives in the area of exports, imports, letter of credit, international payments roles
- Bank officials working in the international branch of the banks
- Anyone interested in understanding the role of documentary credit
