المخرجات
By the end of this training course, trainees will be able to :
- Recognize trade finance products & activities, based on the latest ICC Publications and through applying the rules of such publications in practical way by solving problems, exercises and providing solutions for different situations that may confront trade finance practitioners.
الفئة المستهدفة
- The banks’ employees who work in trade finance sections.
- Private & Public Sectors’ employees who deal with trade transactions.
المحتويات
· 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:
Ø Advance payment.
Ø Open account.
ØDocumentary Collection:
- Definition.
- Types of collection
- Parties of a Collection.
- The Collection Order.
- Payment Terms of the Bills for Collection.
- The Cycle of Collection .
- Bill of Exchange.
ØDocumentary Credits/ Letters of Credit:
- History of Documentary Credits.
- The role of the International Chamber of Commerce “ICC”, Paris.
- The development of the Uniform Customs and Practice for Documentary Credits “UCP”,
(The development of rules for documentary credits).
- UCP 600 CONTENTS.
- 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:
o Irrevocable LCs
o In terms of Confirmation:
- Unconfirmed L/Cs
- Confirmed L/Cs
o In terms of Payment’s Method:
- Sight payment LCs
- Deferred payment LCs
- Acceptance LCs
- Negotiation LCs
- Other Types of DCs:
o Revolving Letters of credits.
o Transferable Letters of credits.
o Back-to-back Letters of credits.
o Standby LCs:
§ Why Standby Letters of Credit created?
§ How can Importers & exporters get benefit from SBLC as an undertaking?
§ What’s the difference between the Import LC and the Standby LC?
- Shipping (Commercial) Documents under DCs:
o Commercial Invoice.
o Certificate of Origin.
o Transport Documents.
o Insurance Documents.
o Other Documents.
- Amendments under LCs.
- Examination of documents under LCs.
- Why LC’s Parties involved in this method of payment?
- Accounting treatment of LC’s as indirect facilities.