Letter Of Credit Workshop is designed for participants to understand the mechanism of handling letters of credit. Experience the concept of Benefits of Using Letter of Credit under UCP 600, Payment Methods on Letter of Credit, Income Terms 2010.

Who should attend?

Bankers, Accountants, Finance professionals, Export, Import Traders, Logistics Coordinators, Managers, Customer Service personals, and interested participants.

Course Outline:

• Letter Of Credit Explained
• Parties Commonly Involved In Letters Of Credit
• How Letters of Credit Works
• Banking Procedures
• Swift Code for Banking process
• MT 700, MT 701, MT 740, MT 760
• URR 725 and Bank-to-Bank Reimbursements
• Special Types Of Letters Of Credit
• Transferable
• Standby
• Revolving
• Letter Of Credit Payment Procedure
• Documentary Collection (Sight & Time draft)
• Documents Required Under A Letter Of Credit
• Explanation Of Inco Terms 2010
• Review On L/C
• Most Common Reasons Why Letters Of Credit Fail
• Letter of Credit Discrepancies
• Letter of Credit Amendments
• Tips for Sellers
• Tips for Buyers
• UCP 600 Key Articles
• Introduction to ISBP 745

On the Training Activities:

Case Studies

Banking process for LC

Swift Codes

Sample LC review and discussion

LC discrepancies discussion

Letter of Credit Application preparation guideline

Letter of Credit Application preparation

Letter of Credit checklist

Bill off Exchange checklist

Bill of Exchange /Draft sample

Commercial Invoice Checklist

Transport Documents checklist

Transport documents samples

Incoterms 2010 chart

UCP 600 Key Article discussion

Learning more Letter of credit training for international payment, please visit- https://www.stceducation.org/courses-dubai/letter-of-credit-training-in-dubai