Basics of Letter of Credit & Receiving Overseas Payments

Basics of Letter of Credit & Receiving Overseas Payments

'Introduction to Documentary Letter of Credit' is a VJ Exports Mastery Series Course for beginners. Something you are looking to understand is the safest method of receiving international payments through a documentary international letter of credit. If you want to make sure that you do not make mistakes in accepting overseas LCs. If you want to know the basic concept of documentary overseas credit and when to use these instruments. Friends, then this is the perfect course for you. And, this VJ Exports Mastery Series Course provides a complete basic understanding of this most popular international trade financing instrument i.e overseas letter of credit, focusing on the basic cycle of Documentary overseas Letter of Credit.

This introduction to documentary letter of credit learning course is a step-by-step basic guide to make you learn how to understand the documentary letters of credit which are issued by banks from around the world. Friends, a career in the documentary letter of credit handling is a high-paying job whether you are working for global companies, international banks, or export houses. Needless to say, half knowledge is recipe for disaster sooner or later. Therefore, do not leave any stone unturned in your complete basic understanding of LCs, UCP, Blockchain-Based LCs, and related basic concepts.

WHAT IS COVERED IN THIS DOCUMENTARY LETTER OF CREDIT COURSE?

This course on Overseas letter of credit covers topics like

• Role of international banks in international trade payments through a letter of credit.

• Typical exports and documentary credit cycle.

• Types of International Letter of credit

• Common LC conditions used in international Letter of Credit.

• Common Discrepancies found in LCs

• Typical discrepancies found in documents presented against LCs

• Role of UCP

• The emerging role of revolutionary Blockchain-based L/Cs

What can you expect the outcome of learning this course?

After completing this course on the documentary letter of credit, you will have basic practical knowledge about Documentary Overseas Letter of Credit, its brief background, nature, and types. Subsequently, you will be able to work with international companies in their commercial department getting good salaries. Alternatively, you can also start your exports or imports business by receiving or sending international payments for goods/services sold or bought. And friends, this course is the only one of its kind on UDEMY. Because, this course is based on the years of experience and research work carried out by Dr. Vijesh Jain, the author, and instructor of this course.

Course-related keywords

• Advanced Credit

• Commercial Credit Analysis

• Bank Credit

• Certified documentary credit specialists

• Credit approval

• Export Credit

• Import documentary credit

• International Trade Finance

• Blockchain for banks

• Corporate credit analysis

• Import bills under LC

• Leverage credit

• documentary credit risk

• credit risk

• banking credit analysis

• import-export business

• LC in shipping

• CDCS

• Credit risk analysis

• Build business credit

• Credit risk assessment

• Business credit

• credit agreement

• payment bank

• LC types

• letter of credit meaning

• credit letter meaning

• LC meaning

• what is a letter of credit

• letter of credit examples

• bank guarantee

About the instructor

Dr. Vijesh Jain, the instructor of this course on the documentary letter of credit, is a seasoned professional in all the areas related to global business, exports, imports, international logistics, and supply chain. He has served with many international organizations working in several countries and dealt with more than 28 countries for exports operations. He is an IIFT, BITS, BIMTECH, and Harvard University Alumnus. I addition, he has a Ph.D. in international business from the University of Mysore. An award-winning professor and exports professional, he has been actively working to share his knowledge of more than 30 years in international business management. For this, he regularly creates the VJ Exports Mastery Series of Courses on UDEMY.

A beginner's guide on - How does an LC works? What is UCP?, Types of LCs, Blockchain-Based LC, Role of Banks, Costs of L

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What you will learn

• Beginner's concepts on how does a traditional overseas letter of credit work
• What are the typical parties and banks in a simple letter of credit cycle
• What is UCP 500/600 and its role in international L/C operations

Rating: 4.2

Level: All Levels

Duration: 2 hours

Instructor: Dr. Vijesh Jain