UCP - Modern Trends of LCs Under UCP600

Course details

Understanding the most recent trends for documentry credits is a crucial topic for exporters. This course is designed to get familiar with such trends and its interrelationship with various financial instruments.

Learning Objectives

By the end if the course participants will be able to :

• Know the documentry credit operations under UCP600 ;
• Get acquired with international Standard Banking Institute Practice (ISBP 645);
• Know the new ICC's issue Under (UCP600) 2006;
• Understand the methods of International Trade Finance including; and
• interrelationship of various financial instruments and background about
• INCOTERMS 2000.

Contents

• Payment methods in international trade
• Modern Trends for documentry credits Towards UCP600
• Legal frame work for payment instruments (eUCP600- URC525- ISP560- ISBP645-681)
• Overview for the rules of D/C UCP600
• Opening mechanism for electronic D/C
• Liabilities and responsibilities of banking involved in credit ( Issuing BK- Advising BK- Confirming BK -Nominated BK- Negotiated BK- Reimbursing BK)
• Types of credit (Straight D/C - Negotiable D/C)
• Credit as Financing Instruments ( Transferable -Back to Back - Bridge Revolving -Red Clause D/C and assignments of proceeds process)

Who Should Attend

• Export Specialists
• Logistic Specilaists
• Export Managers