International Trade Finance - Letter of Credit & UCP 600

International Trade Finance - Letter of Credit & UCP 600

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30+ MCQs

6 Downloadable PDFs to help LC document scrutiny

Detailed FAQs on document handling by banks

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Are you new to the trade finance domain? Are you confused about how to begin learning about Letters of Credit? Are you interested to get certified on Letter of Credit handling but not sure where to start?

Then this course is for you!

Welcome to the course on International Trade Finance - Letter of Credit & UCP 600

Letter of Credit is one of the pillars in international trade finance. The knowledge of letter of credit is essential not only for bankers but also for export-import businessmen or employees in the trading domain.

What will you get out of this course?

1. Be confident to handle documents against Letter of Credit

2. Be confident to issue a Letter of Credit

3. Be aware of how to scrutinize the common documents and the common discrepancies found

4. Understand the Articles of UCP 600 with examples

5. FAQs related to the practical hindrances faced in handling LC documents

6. Be updated with the latest advancements - Automation of Document checking using Machine Learning

Who is this course for -

1. Bankers

2. Business Analysts/ Consultants of trade finance

3. Students in international trade

4. Businessmen in the Export-Import domain who want to understand the payment methods available to them

5. Employees in Trading Organizations

What this course covers?

1. Letter of Credit – Detailed Process flow, Parties and Banks involved, and Related Knowhow

2. Difference between Purchase, Negotiation, and Discounting of Bills

3. Incoterms® 2020 and Letter of Credit

4. Types of Letter of Credit - In Detail

5. Samples of real-life documents presented under LC and important fields

6. UCP 600 - Easy way to remember the articles

7. Detailed Discussion on UCP 600 Articles with Examples

8. Scrutiny of Documents – What to look out for and the Most Common Discrepancies

9. Automation of Document Checking under Letter of Credit

10. Downloadable Resources - Ready Reckoners

11. How to issue a Letter of Credit - Understanding the MT 700 Swift Fields

12. CDCS Concepts - FAQs on UCP 600/ Documentary Credits

13. Practice Test

Why enroll?

This is a compact course that lucidly explains the entire process flow of a Letter of Credit, its various types. It discusses the practical aspects of UCP 600 and how to easily remember and implement the Articles of UCPDC 600.

This course also explains how to scrutiny bills under a letter of credit for negotiation/ purchase/ discounting. It teaches you the approach to check documents against the LC and teaches the most common discrepancies found in the various documents submitted under an LC, like Bill of Exchange, Commercial Invoice, Transport documents, Insurance, etc.

This course is highly recommended for anyone new in international trade finance or an export-import business.

This course is an introductory guide to the CDCS exam, you can invest just one hour in this course before you spend huge time and money on detailed courses.

Special care has been taken to ensure that all the explanations are simple and lucid so that anyone without any background in finance can understand.

Letter of Credit, Detailed explanation of UCP 600 Articles, LC Bill Scrutiny | Introductory Guide to CDCS Exam

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What you will learn

• Process Flow of Letter of Credit, Types of LC, Crystal clear concepts of parties/roles/terms/jargons related to Letter of Credit
• Practical Approach to UCP 600 with examples, Common Discrepancies, FAQs in Document handling
• MT700 Swift Message - Understanding LC Issuance, Future of Document Checking - Automation with Machine Learning

Rating: 4.32609

Level: All Levels

Duration: 3.5 hours

Instructor: Anwesha Sengupta, CITF, CAIIB