Letter of Credit (LC-UCP 600) هذه الدورة تدرس باللغة الإنجليزية دبي

تفاصيل الدورة

• Definition - Issuance - amendment - extension - utilization
• Types & Risks of letter of credit - Irrevocable, Confirmed, Transferable, Revolving, Red Clause, Back to Back
• Contents of LC
• Why UCP is must for LCs
• General provisions of UCP 600

• Terms of LC in light of UCP600 (term vs articles)  
• Ambiguous terms definition & interpretations
• Understanding difference between Payment / Negotiation & Accpetance/Defferred Payment
• Partial Shipments
• Minimal requirements for 45A Goods Description

• Transport document  - Sea / Air / Road / Rail
  • How to evaluate your transport documents - 11 points theory
  • Who should issue transport document
  • Why confirmation of dispatch is a must
  • SHIPPED ON BOARD vs CLEAN ON BOARD
• Commercial Invoice
• Insurance Documents in light of UCP 600
  • Who can issue insurance
  • In whose name insurance should be issued
  • Date of insurance / cover percentage / risks  ;
• Other documents as per UCP 600

• Importance of Period of Presentation  / how to benefit from
• Period Of Presentation Presenter, presentation, original doc/copies /signature
• Time frame for banks & their obligation

• Understanding Discrepancy(ies)
• Inconsistency - Discrepant documents - Waiver - Notice - Acceptance
• Direct & Indirect costs & impact of discrepancy(ies)
• How to deal & control discrepancy(ies)

• Principles of documentary verification
• Checking documents according to UCP 600 & ISBP
• When banks are precluded from claiming any discrepancy in documents