Course Details

The Letter Of Credit Workshop is designed for participants to understand the mechanism of handling letters of credit. Experience the concepts of the benefits of using a letter of credit under UCP 600, payment methods on a letter of credit & Inco terms. This program is benefecial to accounts & finance professionals and participants from trading and banking industry.

Contents:

• Letter Of Credit Explained
• Parties Commonly Involved In Letters Of Credit
• How Letters of Credit Works
• 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