Welcome to the course on Letter of Credit and UCP 600

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This course currently covers-

1. Letter of Credit – Detailed Process flow, Parties and Banks involved, and Related Knowhow

2. Difference between Purchase, Negotiation, and Discounting of Bills

3. Types of Letter of Credit - In Detail

4. Samples of real-life documents presented under LC and important fields

5. UCP 600 - Easy way to remember the articles

6. Detailed Discussion on UCP 600 Articles with Examples

7. Scrutiny of Documents – What to look out for and the Most Common Discrepancies

8. How to issue a Letter of Credit - Understanding the MT 700 Swift Fields

9. CDCS Practice Test

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Some Sections to be added to the course in near future  -

1. The process of issuing a Letter of Credit - Steps and precautions

2. Back to Back Letter of Credit - Thorough Analysis

3. Transferable Letter of Credit - Thorough Analysis

    

Who is this course for -

1. Bankers

2. Students in international trade

3. Businessmen in the Export-Import domain who want to understand the payment methods available to them

4. Employees in Trading Organizations

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Letter of Credit is one of the pillars in international trade finance. The knowledge of letter of credit is essential not only for bankers but also for export-import businessmen or employees in the trading domain.

This is a compact course that lucidly explains the entire process flow of a Letter of Credit, its various types. It discusses the practical aspects of UCP 600 and how to easily remember and implement the Articles of UCPDC 600.

This course also explains how to scrutiny bills under a letter of credit for negotiation/ purchase/ discounting. It teaches you the approach to check documents against the LC and teaches the most common discrepancies found in the various documents submitted under an LC, like Bill of Exchange, Commercial Invoice, Transport documents, Insurance, etc.

This course is highly recommended for anyone new in international trade finance or an export-import business.

This course is an introductory guide to the CDCS exam, you can invest just one hour in this course before you spend huge time and money on detailed courses.

Special care has been taken to ensure that all the explanations are simple and lucid so that anyone without any background in finance can understand.​