Documentary Credits And Related Documentation

Course details

What will I learn?

• How to make Letters of Credit work for you.
• Optimise use of Letters of Credit.
• Alternative modes of payment available
• How to reduce Credit Risk.
• Fraud Risks.Regulatory and Legal Risks
• Using Sales Contracts to your advantage
• Proper use of Transport Documents
• Common Discrepancies in Transport documents.
• Issues with Insurance and Common Discrepancies.

KEY CONTENTS

• Brief History and the basic documentary credit operation
• The Sales Agreement, Incoterms, Methods of Payment
• Types of Credits
• Payment to third parties - Assignment of Credit Proceeds
• Parties to Documentary Credit Transactions
• Stages of Transport
• Other Documents
• Risks
• Making LC Work
• Comprehensive Checklist and Guide
• Specimens of Major Trade Documents

WHAT YOU WILL OBTAIN

• Update on the latest in Banking Regulations and legal opinions
• Real life examples and interesting case studies
• A chance to discuss and clarify your doubts, questions, trade issues etc.
• Complete study material
• Comprehensive Import Export Checklist
• Quality refreshments
• Certificate of attested by KHDA
• Networking opportunity with fellow professionals

WHO SHOULD ATTEND

All staff who are involved in Commercial dealings with Customer’s or Supplier’s.

• Trade Finance Officers
• Financial Institution Representatives
• Staff in charge of Documentary Credit Analysis and Documentary Scrutiny
• Sales Staff
• Logistics Staff
• Finance Staff
• Administration staff involved in drafting commercial documents