MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz, 2 Ch
Genre: eLearning | Language: English + .srt | Duration: 17 lectures (1h 2m) | Size: 248.2 MB

Letter of Credit is one of the pillars in international trade finance.

Practical approach to Letter of Credit, UCP 600 and LC Bill Scrutiny | CDCS Exam Starter Course

Process Flow of a Letter of Credit and its various types and the Teologies related to Letter of Credit

Various Parties/ Banks involved in LC and their Roles

Practical Approach to UCP 600, How to scrutinize LC bills for Negotiation/ Purchase/ Discounting which is a Stepping stone to CDCS Exam Preparation

No prerequisites, just curiosity about the world of international trade finance :)

Welcome to the course on Letter of Credit | UCP 600 | Negotiation of Bills

The knowledge of letter of credit is essential not only for bankers but also for export-import businessmen or employees in the trading domain.

This is a compact course that lucidly explains the entire process flow of a Letter of Credit, its various types. It discusses the practical aspects of UCP 600 and how to easily remember and implement the Articles of UCPDC 600.

This course also explains how to scrutiny bills under a letter of credit for negotiation/ purchase/ discounting. It teaches you the approach to check documents against the LC and teaches the most common discrepancies found in the various documents submitted under an LC, like Bill of Exchange, Commercial Invoice, Transport documents, Insurance, etc.

This course is highly recommended for anyone new in international trade finance or an export-import business.

This course is a starter guide to the CDCS exam, you can invest just one hour in this course before you spend huge and money on detailed courses.

Special care has been taken to ensure that all the explanations are simple and lucid so that anyone without any background in finance can understand.

This course currently covers-

Letter of Credit - Detailed Process flow, Parties and Banks involved, and Related Knowhow

Difference between Purchase, Negotiation, and Discounting of Bills

Types of Letter of Credit - In Detail

Samples of real-life documents presented under LC and important fields

UCP 600 - Easy way to remember the articles

Scrutiny of Documents - What to look out for and the Most Common Discrepancies

Some Sections to be added to the course in near future -

The process of issuing a Letter of Credit - Steps and precautions

Back to Back Letter of Credit - Thorough Analysis

Transferable Letter of Credit - Thorough Analysis

MT 700 SWIFT Series Details - For Export-Import Businessmen and Bankers

Who is this course for -

Bankers

Students in international trade

Businessmen in the Export-Import domain who want to understand the payment methods available to them

Employees in Trading Organizations

Bankers handling trade finance desk

Export- Import Businessmen

Employees of Trading Organizations

CDCS/ CITF Aspirants



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