The Banking Consultants & Educators
| Practical Letters of Credit The Trade Services Department is the heart of every commercial bank. It is said, and accurately so, the continuity of the bank is dependent on the soundness of its Trade Services Operations. Our sophisticated system of operations guarantees to eradicate the high risk inherent in issuing import DCs, advising export DCs, confirming DCs, settlements and checking all types of commercial, financial, formal and insurance documents. But even the best of systems can only be effective if it is run by well trained practitioners who possess the minimum level of knowledge required to conduct FAULTLESS operations. It is for this reason that we have developed our Practical Letters of Credit Course; to convey to LCs practitioners the technical expertise they need to do an impeccable job. This unmatched program is the exemplary means to explore how to soundly apply the intricate articles of the UCP, eUCP, URR525 and relative provisions of the ISP98. For Arabic speaking practitioners, it is the sole route to sound practice. |
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| General Description The course duration is 36 hours spread over 9 days. The course covers the following topics: 1. Documentary Credit Overview - UCP500 Revision 2. The Sales Agreement, INCOTERMS 3. Parties to Documentary Credit Transactions 4. Issuance 5. Transport Documents and other Documents 6. Checking Documents 7. Presentation and Settlement 8. Bank-to-Bank Reimbursement under Documentary Credit 9. Related Products 10. Risk Issues and Legal Issues |
| Who should attend Staff at all levels and ranks involved in LC issuance, checking documents, advising export LCs and settlements. The maximum number of staff allowed in each course is 15. |
| The Course Objectives 1. To understand the importance of trade services to the bank. 2. To appreciate the complexity of LCs operations and understand related risks. 3. To learn the sound application of LCs rules. 4. To understand the different types and uses of LCs. 5. To learn handling presentations. 6. To learn the art of checking documents. 7. To understand the application of the URR525. |
Material Over 500 pages superbly presented in two books covering the whole subject from a practical perspective. |
