Understanding Global Trade: Documentary Letters of Credit and ICC Rules

Online Training Program on ‘Documentary Letters of Credit & ICC Rules

✓ International Trade

✓ Compliances

Register

Mode: Online
Duration: 4 Day Online Training Program, Starting 25th-26th May & 1st -2nd Jun, 2024 (3 Hours Daily)
Time: 10:30 PM to 1:30 PM


About the program


The ‘Online Training Program on Documentary Letters of Credit & ICC Rules’ offers a comprehensive understanding of the intricate world of international trade finance. Covering the essential principles and practices outlined by the International Chamber of Commerce (ICC), participants delve into the nuances of documentary letters of credit, mastering the art of navigating global transactions with confidence and proficiency. Through engaging online modules and interactive sessions, this program equips learners with the knowledge and skills, necessary to mitigate risks, ensure compliance, and optimize efficiency in letter of credit transactions, empowering them to excel in today’s dynamic business landscape.

Who can attend or be deputed by organizations:


1) Executives involved in export operations including credit control, Finance, Documentation, shipping, Export administration, sales & Order processing.
2) Also essential for Senior Personnel of Trade organizations such as. CEOs/ CFOs/GMs.
3) Personnel concerned with the Documentation process managing zero discrepancies and complying with Additional conditions given in Letters of Credit.
4) Executives who need to understand & check for onerous clauses in L/Cs and also to have a thorough knowledge of all relevant ICC Rules.

What are the gains by attending this online Training :


1) Acquire fair knowledge of why and how to use an. L/C.
2) Ensuring timely and secure payments even from high markets.

Participation Fee:

4000 (+GST ) – Non-Members
3000 (+GST) – Members

Day-wise topics:


Faculty: Mr. Sampath Kumar, Expert Faculty & Practioner

01

Day

  • Introduction about Letter of Credit(L/C),
  • Seller/ Buyer considerations,
  • Workability of Letter of Credit,
  • Parties to an L/C & their role & responsibilities,
  • Various methods of payment settlements in International Trade & choosing the right method.

02

Day

  • Life cycle of L/C,
  • Various types of L. Cs,
  • SWIFT Message MT700, and other MT Messages related to LCs,
  • ICC Rules- significance & importance.
  • Study and understanding of Articles Nos 1 to 13.

03

Day

  • Study of Articles 14 to 27 of UCP 600.
  • Articles. 28 to 39.

04

Day

  • Documents & discrepancy management,
  • Interpreting UCP (Uniform Customs and Practice for Documentary Credits) with the help of ISBP, Study of INCOTERMS 2020
  • Case studies and interaction with participants

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