Outcomes
By the end of this training course, trainees will be able to :
- Identify the risks related to foreign trade.
- Identify the role of banks to mitigate such risks.
- Classify the components of a sale contract.
- Understand the purpose and Scope of Incoterms2020 rules.
- Identify the four method of payments.
- Understand Documentary Collections in accordance to URC 522:
- Identify the cycle of collection.
- Identify why documentary collection is used.
- Know the definitions of the documentary collections.
- Identify Parties of a collection and banks role under same.
- Understand Documentary Credit (Letter of credit) as a method of payment in accordance to UCP 600:
- Identify the importance and definition of a documentary credit .
- Identify the cycle of a documentary credit.
- Identify the benefits of documentary credit .
- Identify the parties and related parties of a letter of credit.
- Determine the responsibilities of the banks under LC.
- Identify the types of letters of credit .
- Understand the concept of Letters of Guarantee.
- Identify the parties of guarantees.
- Identify the relationships under the guarantees.
Target Group
- The banks’ employees who work in Trade Finance and Credit sections.
- Private and Public Sectors’ employees who deal with trade transactions.
Contents
- Risks Related to Foreign Trade .
- Foreign Trade Deal and Contract of Sale Components.
- Terms of Delivery (Incoterms®2020).
- Shipping (Commercial) Documents .
- Terms (Methods) of Payment in International Trade.
- Documentary Collection .
- Documentary Credits (Letters of Credit).
- Letters of Guarantees.
- Parties of the Letters of Guarantees.
- The importance of the Guarantees to the related parties .
- The Independent Relationships under Guarantees.
- Types of Guarantees .
- Local Guarantees:
- The Cycle .
- Issuance.
- Amendments.
- Liquidation .
- Cancellation .
- Foreign Guarantees :
- The Cycle.
- Issuance.
- Amendments.
- Liquidation .
- Cancellation.