This is an ideal course for all professionals whose work-role is tied up with Letter of Credit and it associate section. It will help you to not only understand different elements of Letter of Credit but also assists in reducing the discrepa
DurationThis is an ideal program for all professionals whose work-role is tied up with Letter of Credit and it associate section. It will help you to not only understand different elements of Letter of Credit but also assists in reducing the discrepancy charges and maintaining the security of payment. This workshop will give you a strong foundation and understanding of the process.
Topics:
Foreign Trade Vs Domestic Trade
Methods of Payment
- Advance Payment
- Open Account
- Documentary Collection & Documentary Credits
- Why letter of credit named as documentary credit
Contract of Sale, Price Quotations, Pro Forma Invoice
Pro Forma Invoice
- Purposes and use of the pro forma invoice
- The export quotation worksheet
- Elements of the export price
- Use of terms of sale & payment
Trade Terms in Foreign Trade
- INCOTERMS and Documentary Credits
Letter of Credit Payment Process
- L/C instructions
- L/C requirements prior to shipment
- Step-by-step payment process
- Discrepancies: types and nature
- Documentary credit application, completing the application, importance of clear and precise instruction, keeping documents simple, not to specify impossible documentation
Rythm Training Zone under Rythm Events is a pioneer training and consultancy service provider located in UAE. It has a vast reservoir of expertise and knowledge that has been tasked to help companies achieve their organizational goals of effectiveness, enhanced performance, and quality output.
It has been known to provide 'Quality Employee Education' through its wide range of training programs and consultancy services.
Training Methodology:
This course will teach you about different rules and regulations of Documentary Credit. It takes you through different articles set in UCP 600 as per its functionality and applicability in various situations.
This course will teach you in-depth about 'Letter of Credit'. You will learn all you need to understand about Letter of Credit and ensure that there are no discrepancy charges and maintain the security of payment.
Course completion certificate stamped by KHDA is provided to all students. You will learn about all the underlying concepts involved in the process of creating a Letter of Credit. You will learn about international trade, scope of LC, types
Learn about 'letter of credit', understand its salient features and importance in trade, and master all the essential skills and knowledge of a 'Letter of Credit'.Â
This 24 hour training course is specially designed for staff of business organizations who deals with foreign trade and need to attain related expertise to get proficiency in their day to day work.
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