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Documentary Credits and Related Documentation

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Documentary Credits and Related Documentation

About This Course

• How to make Letters of Credit work for you.
• Optimize use of Letters of Credit.
• Alternative modes of payment available
• How to reduce Credit Risk.
• Fraud Risks, Regulatory and Legal Risks
• Using Sales Contracts to your advantage
• Proper use of Transport Documents
• Common Discrepancies in Transport documents

Career Advancement Areas

• Understand the Letter of Credit Operation from end to end.
• Update on the latest in Banking Regulations and legal opinions
• Real life examples and interesting case studies
• A chance to discuss and clarify your doubts, questions, trade issues etc
• Good first step in preparing for CDCS exams

What You Will Learn

  • Brief History and the basic documentary credit operation
  • - The Sales Agreement
  • - Incoterms
  • - Methods of Payment
  • - Types of Credits
  • - Payment to third parties
  • - Assignment of Credit Proceeds
  • - Parties to Documentary Credit Transactions
  • - Stages of Transport
  • - Other Documents
  • - Risk Mitigation
  • - Making LC Work
  • Includes:
  • Comprehensive Checklist and Guide
  • Specimens of Major Trade Documents

Instructions

Prerequisites
Basic knowledge of commercial documentation
Duration
14 hours – Over 2 full days
Who Should Register?
  • All involved in Commercial dealings with Customer’s or Supplier’s. • Trade Finance Officers • Financial Institution Representatives • Staff in charge of Documentary Credit Analysis and Documentary Scrutiny • Sales Staff • Logistics Staff • Finance Staff • Administration staff

Overview

Navigate Consulting
Course Type:
Certified Training Course
Study Mode:
Classroom
Location:
Radisson Blu Hotel Dubai Deira Creek
Fees:
4,000 AED
Certification:
Certificate attested by KHDA
Date:
14/05/17
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