Curriculum " "
Letter of Credit Masterclass

Letter of Credit Masterclass

SGD 288
Credit Analyst Course Online
DURATION

9am to 5pm

DELIVERY MODE

Webinar

UPCOMING RUN

14 Mar 2022

VENUE

Virtual

EMAIL

enquiry@learnandapply.com.sg

FEES

Overview

Are you receiving letters of credit from the South Asia, Middle East, Africa or South America?  Do you frequently request amendments to letters of credit? Do your letter of credit documents regularly contain discrepancies and have to pay the discrepancy fee?

A letter of credit gives a buyer the confidence to buy your goods, since he knows that the bank will issue payment directly to you once certain conditions are met. A letter of credit can also protect you by giving you time to ship the goods and making sure the buyer pays only for what she receives.

Join us in this 1-day Learn & ApplyTM workshop on Letter of Credit Masterclass to learn practical skills and knowledge of understanding how to read, prepare and comply the terms and conditions of letters of credit so as to get paid as a seller in trade finance.

Core focus

  • Basic concepts of letters of credit
  • Use of bills of exchange
  • Legal framework of UCP600 (Uniform Customs and Practice for Documentary Credits)
  • Role of the parties in letters of credit
  • Shipping terms in relation to letters of credit
  • Opening of a letter of credit
  • Essential requirements by bank
  • Key terms and conditions
  • Reviewing export letters of credit
  • Export letters of credit presentation and payment
  • Avoiding and resolving discrepancies

Key Benefits

  • Understand the key terms in letters of credit
  • Learn the rules of UCP 600 (Uniform Customs and Practice for Documentary Credits)
  • Discover how UCP600 apply to shipping terms in contracts for letters of credit transactions
  • Understand how UCP 600 relate to letters of credit
  • Able to identify, understand and avoid discrepancies when presenting or assessing a letter of credit
  • Have a firm grasp on letters of credit from both bank and client perspectives

Who Should Attend

Employees in the following positions/business areas will benefit from this workshop:
  • Import/Export executives and managers who want to learn more about shipping and letters of credit
  • Business owners and salespeople who want to learn how to use letters of credit as a financing tool for international business
  • Anyone working with or wanting to work with foreign suppliers or contractors that want to offer their services to other countries
  • Trade finance executives and managers who are interested in the UCP 600 rules
  • Bankers, lawyers, accountants and anyone who wants to learn letters of credit and how they work in the finance industry
  • Compliance executives and managers
  • Shipping executives and managers
  • Sales and Marketing
  • Customer service
  • Export sales
  • Logistics and Supply Chain
  • Omnichannel

Dates and Fees

DateVenueDurationFeesRegistration
14 Mar 2022To be Confirmed9am to 5pmSGD 288Apply Now
DateVenueDurationFeesRegistration
To be Confirmed9am to 5pmSGD 288Apply Now
Application Deadline
  • Participants are strongly advised to apply at least 7 weeks in advance
  • Applications received after the deadline will be considered based on space availability

Course Registration

Please select whether you are applying as a self or company-sponsored participant.

Self-sponsored

for self sponsored individuals

Company-sponsored

for participants who are sponsored by their company