Course details

This course is to give participants an insight to uncover the secrets of complying with Letters of Credit. Learn the tricks of the trade and what banks are looking for when they examine the documents on a Letter of Credit. Understanding the intricate parts of a Letter of Credit (what to expect) will help you make an informed payment term decision.

Course Outline

  • Methods of Payment Mitigating Risk
  • Impact of Incoterms
  • The General Concept and Function of Letter of Credit
  • Opening of Letter of Credit and Amendment
  • Export Negotiation of Letter of Credit and Payment
  • Bank's Duty in the Examination of Documents
  • Key Elements of UCP 600
  • Handling Discrepancies
  • Walk Through Actual Letters of Credit Transactions

Academic Qualification

Basic Secondary Education

Proficiency Level

English at Secondary Level

Course Outcomes

Certificate

Updated on 08 November, 2015

About JE Educational College

JE Educational College, established in the year 1986, is a private educational institution based in Singapore. It is registered with the Singapore Ministry Of Education and is an approved overseas training center for the AAT and IAM of the UK. It has attained gold medals internationally in business statistics and national gold medals in business administration through the London Chamber of Commerce and Industry (LCCI) Examinations Board. It offers a range of programs from preparatory courses through to diplomas in information technology. See all JE Educational College courses
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