Documentary credits in practice         

By the end of this course you will be able to:

.Introduce the UCP600 to participants

.Practice the issuance of a letter of credit

.Be able to apply the 39 articles of the UCP600 to real life situations

Course Outline:

.Application, Definitions, Interpretations

.Credits v. Contracts, Documents v. Goods, Services or Performances

.Availability of Credits by Payment, Deferred Payment, Acceptance and Negotiation

.Expiry Date and Place for Presentation

.Issuance via swift MT 700

.Complying Presentation, Examination of Documents and notice of Refusal of Discrepant documents

.Original Documents and Copies

.Liabilities and Responsibilities

.Trade Documents

.Transferable Credits and Assignment of Proceeds

Target Audience:

.All trade finance staff.

Prerequisites:

.None.

This course entitles you to attend:

Upon successful completion of this course, participants will obtain:

.Training Attendance Certificate .