Certificate In Letter Of Credit Administration (LCA) Central Area, Central

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.