Course details
Letters of Credit serve as effective, inexpensive assurance of payment to vendors before the goods get shipped out to their buyers. Learn about the basics of utilising this document in order to facilitate your company’s various logistical processes.
Course Content
Overview of Letters of Credit (L/C)
Role of Banks in L/C
Letters of Credit
- How They Work;
- Types of L/C;
- The Technical Variations.
Opening a L/C
- Essential Requirements by Banks;
- Key Terms and Conditions.
Reviewing Export L/C and Documents Presented under an Export L/C
Avoiding & Resolving Discrepancies under an Export L/C
Understanding Shipping Terms in Relation to L/C
Uniform Customs & Practice for Documentary Credits (UCP 600)
Target Audience
This course is suitable for personnel involve in logistics operations, credit management, purchasing and trade documentation etc, and have little or no knowledge of L/C.
Assessment and Certificate
Participants who fulfil at least 75% attendance for the whole course will be awarded Certificate of Attendance.
There is no assessment for this course.
Updated on 08 November, 2015Course Location
About Singapore Chinese Chamber Institute Of Business
The Institute caters to the learning and development needs of a wide variety of trainees and students, including industry/company leaders, senior managers and working professionals, both local and international. The programmes offered can be broadly classified under business studies, language & culture studies, skills training and customised programmes. Being a wholly owned subsidiary of SCCCI, most of our programmes are run in Mandarin, to cater to the needs of SMEs and the Chinese business community.
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