Course Objectives

To enhance participant’s knowledge and skills on trade finance, letters of Credit and collection

Learning Outcomes

On successful Completion of the Course, Participants would be able to:
• Make rational choices among alternative trade financing instruments.
• Minimize losses in terms of rejection of documents, reshipment of cargoes, etc.
• Make savings in terms of discrepancy charges, discounts etc
• Save Discrepancy Charges and Discount Claims.
• Manage Cash Flows more efficiently through timely execution of payments
• Understand the need for efficient communication with different parties/entities to avoid disputes.
• Explore possibility of financing foreign trade discounting L/C receivables (issuance credit)

Course Content

.A detail hand-held walk through:
• International Trade
• International Payment Mechanism
• International Trade Documents
• Articles of Uniform Customs and Practice for Documentary Credits;
• Discuss and explain the synchronized and combined application of provisions of the revised international
Standard Banking Practices (ISBP);
• Articles of Uniform Rules for Collection (URC);
• Articles for Uniform Rules for Bank to Bank reimbursements(URR);
• Important articles of International Standby Practices (ICP) and;
• International Commercial term (INCOTERMS).
• Detailed study on Uniform Rules for Bank’s Payment Obligations
• A walk-through with coverage of important Articles of Uniform Rules for Demand Guarantee• Financing the Trade • Common Frauds in Letters of Credit Business
• Risks in International Banking and Trade
• International Court Cases on Letters of Credit Business

Target Group

Trade Finance Practitioners from financial institutions, International Trade Lawyers and Insurers.