Overview

Concise, to the point, lucid explanation of all essential concepts60+ MCQs12 Downloadable PDFs to help LC document scrutinyDetailed FAQs on document handling by banksAre 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 600Letter 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?Be confident to handle documents against Letter of CreditBe confident to issue a Letter of CreditBe aware of how to scrutinize the common documents and the common discrepancies foundUnderstand the Articles of UCP 600 with examplesFAQs related to the practical hindrances faced in handling LC documentsBe updated with the latest advancements - Automation of Document checking using Machine LearningWho is this course for -BankersBusiness Analysts/ Consultants of trade financeStudents in international tradeBusinessmen in the Export-Import domain who want to understand the payment methods available to themEmployees in Trading OrganizationsWhat this course covers?Letter of Credit - Detailed Process flow, Parties and Banks involved, and Related KnowhowDifference between Purchase, Negotiation, and Discounting of BillsTypes of Letter of Credit - In DetailSamples of real-life documents presented under LC and important fieldsUCP 600 - Easy way to remember the articles Detailed Discussion on UCP 600 Articles with ExamplesScrutiny of Documents - What to look out for and the Most Common DiscrepanciesAutomation of Document Checking under Letter of CreditDownloadable Resources - Ready ReckonersHow to issue a Letter of Credit - Understanding the MT 700 Swift FieldsFAQs on Practical Handling of UCP 600/ Documentary CreditsPractice TestWhy 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 three hours 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.

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