Letter Of Credit Training
Letter Of Credit Training
An Overview of Letter Of Credit Training
- Banking Activities in general
- Chief banking activities
- Trade Finance
- Operational banking activities
- International Trade
- Scope of International Trade
- Banks role to support International Trade by trade finance
- Trade Finance Products
- Letter of credit - Import
- Letter of credit- export
- Definition: Letter of credit Types of LC
- Parties involved in L/C
- LC opening procedure in banks
- UCP-600 (To eliminate risk)
- Scope of UCP
- Shipping documents to clear goods from port
- Shipping guarantees
- Trust receipts financing (LC +Open A/C)
- Collection products
- Collection documents
- L/C Discounting at bank risk or customer Risk (with recourse and without recourse)
- Factoring /Invoice discounting