In this course, we will explain the Uniform rules for documentary credit publication 600, which guide the worldwide banking practice in documentary credits, in a practical way through given exercises and cases study
.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
.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
.Transferable Credits and Assignment of Proceeds
.All trade finance staff.
.Training Attendance Certificate .