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