Easy Learn Training Institute Letter Of Credit (LC) Program Easy Learn Training Institute
Price: AED 2,000
Instructor led live virtual classroom online. Classes may be individual or in group.
  • Timings: Flexible

Course details

This comprehensive course is designed to provide participants with an in-depth understanding of Letter of Credit (LC) operations, trade finance products, and the intricacies of international trade. The program will cover various aspects of banking activities, trade finance products, LC types, and the roles of banks in supporting international trade. Participants will gain practical knowledge on LC opening procedures, UCP-600 guidelines, shipping documents, and more, ensuring they are well-equipped to handle trade finance operations effectively.

Course Content:

  • Introduction to Banking Activities

    • Overview of General Banking Activities
    • Key Operational Banking Functions
  • Trade Finance Fundamentals

    • Introduction to Trade Finance
    • The Role of Banks in Trade Finance
  • International Trade

    • Scope and Importance of International Trade
    • How Banks Support International Trade through Trade Finance
  • Trade Finance Products

    • Overview of Trade Finance Products
    • Detailed Study of Letter of Credit (LC) – Import and Export
  • Letter of Credit (LC)

    • Definition and Types of LC
    • Parties Involved in LC
    • LC Opening Procedure in Banks
  • UCP-600

    • Understanding UCP-600 Guidelines
    • Mitigating Risks with UCP-600
  • Shipping Documents and Procedures

    • Necessary Shipping Documents for Clearing Goods from Port
    • Overview of Shipping Guarantees and Trust Receipts Financing (LC + Open A/C)
  • Collection Products and Procedures

    • Explanation of Collection Documents
    • LC Discounting at Bank Risk or Customer Risk (with and without recourse)
    • Factoring and Invoice Discounting
Updated on 24 July, 2024

Eligibility / Requirements

Professionals working in banking and finance, particularly in trade finance departments.Individuals with a basic understanding of international trade and banking operations.Business professionals involved in import/export activities.Graduates with degrees in finance, business, economics, or related fields seeking to specialize in trade finance.Mid-career professionals looking to transition into trade finance roles.

About Easy Learn Training Institute

EASY LEARN TRAINING INSTITUTE is a leading professional development center, renowned for its innovative approach and excellence in human capital development. Based in Dubai, we specialize in providing world-class corporate training solutions, language training in English, and top-tier IT skill development. Our diverse range of courses includes language proficiency programs such as IELTS and TOEFL, competitive academic training for GRE and GMAT, and various computer certifications—all delivered by our expert instructors.

At EASY LEARN TRAINING INSTITUTE, our focus is on experiential learning, ensuring that students and clients gain practical, hands-on skills that are both applicable and retainable. Our impactful corporate training solutions have successfully supported numerous respected companies, and our reach continues to grow.

We are committed to fostering career growth by offering comprehensive training across multiple disciplines. Our team of qualified Master Trainers travels throughout the region, bringing high-quality training directly to students and professionals at all levels. At EASY LEARN TRAINING INSTITUTE, we are dedicated to shaping futures and building careers.

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