Outcomes
By the end of this training course, trainees will be able to :
- Recognize trade finance products & activities, with concentration on Letters of credit (LC’s) based on the latest ICC Publications.
- Discuss issues with providing solutionsfor different cases in LCs that may confront trade finance practitioners.
Target Group
- Banks’ employees who work in trade finance sections.
- Private & public sectors’ employees who deal with trade transactions.
Contents
- Introduction.
- Risks Related to Foreign Trade.
- Foreign Trade Deal & Contract of Sale Components.
- Terms of Delivery (Incoterms®2020).
- The Four Methods of Payment in International Trade:
- Advance payment.
- Open account.
- Documentary Collection:
- Documentary Credits/ Letters of Credit:
- The Definition of the Letter of Credit.
- Complying Presentation.
- Relations Under the Letter of credit.
- Benefits of Letter of credit.
- Parties to a Letter of credit.
- Other parties which facilitate the Letter of Credit.
- Letter of Credit Cycle.
- Types of Letters of Credit:
- Irrevocable LCs
- In terms of Confirmation:
- Unconfirmed LCs
- Confirmed LCs
- In terms of Payment’s Method:
- Sight payment LCs
- Deferred payment LCs
- Acceptance LCs
- Negotiation LCs
- Other Types of DCs:
- Transferable Letters of credits.
- Standby LCs.
- Main Terms and conditions of the LC message.
- Shipping (Commercial) Documents under DCs:
- Commercial Invoice.
- Certificate of Origin.
- Transport Documents.
- Insurance Documents.
- Other Documents.
- Amendments under LCs.