Trade Finance and Letters of Guarantees

Course details

Objectives :

• Familiarize participants with the sense of Foreign Trade and its elements.
• Inform participants on the most important documents required in foreign trade.
• To familiarize the participants of the importance of the role of foreign trade financing in documentary credits And bills receivable.
• Provide participants with the content of the bank guarantee and the characteristics that distinguished them and their use.
• Inform participants on the practical procedures for the issuance of guarantees and identified and canceled.
• Introduce participants to the difference between the bank guarantee and letter of guarantee.

Contents :

• Documentary Credits:
• Definition of the documentary credit.
• Types of documentary credits.
• Terms of delivery.
• Modes of transport.
• Reliance documents.
• Documentary conditions.
• Payment terms in the credits.
• Bills of collection:
• A general idea of ​​clean bills of collection.
• The definition of policies documentary collection.
• Types of policyholders.
• Home documents.
• Payment Terms in bills of collection.
• Foreign trade financing from the credit
• The relationship between the commercial department Credit Management.
• The risks of letters of credit and collection policies of the credit.
• Definition and importance of bank guarantees.
• Bank guarantee and letter of guarantee.
• The importance of the bank guarantee as one of the financing tools
• Parties to the bank guarantee
• The main types of banking ensure
• Types of guarantees by the nature of the applicant
• Types of guarantees by purpose
• Guarantees the interview, its mechanisms, conditions, and provisions
• Adopting Escrow (STANDBY L / C)  
• Contractual relations in the field of Banking Guarantees
• Demand mechanisms and Payment              
• Turn off payment
• Settlement of Disputes
• Bank guarantees amendments 
• Cancel bank guarantees
• The risk of bank guarantees.
• Models for texts.