- Duration: 18 Hours
Course details
• Anyone who interested to build up their career in this lineCOURSE CONTENT
• Introduction of Various Payment terms used in Trade
• Introduction to Inco Terms
• Uniform Customs & Practice for Documentary Credits (UCP 600
• Understanding of Bank & Non-Banking payments
• Roles of Banks in Trade payments
• Understanding Tenor related to Payments
• Overview of Letter 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
• Back to Back Letter of Credit (Merchant Trading transactions)
• Avoiding & Resolving Discrepancies under an Export L/C
• Understanding Shipping Terms in Relation to L/C
• Documentation in Letter of credits
• Working out L/C application process with bank
• Problems of discrepancies in L/C
• Back-to-Back L/C
• Pre & Post shipment payment terms
• Letter of Credit flows
• Pre shipment and Post Shipment finance
• Understanding Inco terms
• Negotiation process
• Standby L/C
Updated on 10 April, 2023
Job roles this course is suitable for:
Imports Administrator , Logistics Support Manager , Freight ForwarderCourse Location
About YourOwn Institute of Training and Professional Development
Your Own Institute of Training and Professional Development is established in 2021 with the approval from DED and KHDA-Dubai.
A set of experienced Educational Experts, world class Trainers and Professional consultants who know the need and pulse of the working force, are behind this venture. This Institute is developed after doing immense market survey from the working force and the Corporates.
We collected feedback from them and realised what they want exactly to upgrade in their professional career. As the name suggests it is ‘YOUR OWN INSTITUTE’. We are committed 100% Customer happiness. Excellent consultation, career counselling based on TNA and world class training are our highlight. We at YOI, offer you a wide range of Professional courses. Whichever field you are working, we have a course for your Professional Development.
