Course details
This course aims to assist shipping clerks in understanding the relevant technical terms and the process in preparing letter of credit.
Who Should Attend
Shipping Clerks; Clerks in Trading Company and Import/Export Company; Freight Forwarding Company; Manufacturing Company and newly appointed warehouse personnel as well as those who wish to embark on a career in related industries.
Entry Requirement
Participants should possess three GCE ‘O’ levels. Those who do not meet the entry requirement may be considered on a case-by-case basis.
LCA Program Coverage
The LCA course consists of 7 sessions, total 21 training delivery hours.
Session 1
- Nature of International Business and Trading
- Nature and Purpose of Documentary Credit
Session 2
- Types of Credit – Revocable and Irrevocable Credit
- Banking Practice for Documentary Credit Forms
Session 3
- Extract of Uniform Customs and Practice for Letter of Credits (LC)
- Compiling with the LC Terms
Session 4
- LC Negotiations
- Ensuring of Accurate LC Documentations
Session 5
- Dealing with Discrepancies
- Finance of Overseas Trade
Session 6
- Maritime Fraud
- Bank LC Transaction
Award of Certificate
To achieve the award of Certificate in letter of Credit Administration, candidates must submit all assignments and pass the examination with a total score of 50 or higher, and attend at least 75% of the sessions.
Updated on 08 November, 2015Course Location
About Singapore Institute Of Materials Management
The primary objective of the Institute is to establish and to maintain a high standard of knowledge and excellence in the field of Logistics and Procurement. The secondary objective is to promote and foster the study, research and development on Logistics and Materials Management on all aspects from Purchasing and Supply Chain Management to applying latest E-commerce technology and practices to the field of Logistics and Purchasing.
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