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Objectives

This Learning Unit aims at understanding the following:
- The importance of documentary credits in international trade
- How a documentary credit works
- Obligations of the parties involved

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Learning Unit Summary

A documentary credit is an agreement under which a bank acting at the request and on instructions of the importer makes an undertaking to effect payment to the exporter against presentation of the required documents within the specified period of time, provided that the documents strictly comply with the terms and conditions stipulated in the credit. Letters of credit are more favourable for exporters rather than importers, as they are aimed at protecting the exporter.

 

Course Contents


Introduction
Contracts
Types of L/C I
Types of L/C II
Contents of a Credit
Documents
Check-list for documents
Types of L/C III

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  • review11The online sessions proved very useful in communicating online with course lecturers and fellow students. I could cover the course material at my own pace and in my own time. I found the comprehensive materials contained in the CD ROMs of the ITS programme to contain a wealth of information for the would be exporter.

    Combilift Ltd - DHL Export Award Winner



    ireland Karina McAree, Marketing Specialist, Combilift, Co. Monaghan, Ireland
    ITS Graduate 2003

  • test-lrylovaI much appreciate ITS Accreditation Programme. I learnt a lot of things which were new for me. The teaching method and the structure of presentation of the studied material are both very good and convenient for students. And also I appreciate very good attitude of the tutors towards students that really helps to get over the difficulties. I'm sure that the Certificate will help me in my future career.


    russia2 Lyudmila Rylova, WestLB Bank, Moscow, Russia
    ITS Graduate 2004

  • zakir “Whenever I needed any sort of assistance during my course (FIT) I found the tutors to be always there and ready to help - its the sort of assitance Elearners
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    bangladesh     Zakir Lasker, Head of Finance &amp; Commercial at AG, Bangladesh.










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  • review10The ITS Accreditation Programme is a golden opportunity to learn about International Trade. Communicating with eBSI tutors and the possibility to share opinions and views with fellow students meant that I really enjoyed and benefited from the learning process.

    kyrgyzstan Olga Abikh, Trade Finance Officer, Kyrgyzstan
    ITS Graduate 2003

  • testjwattersThe International Trade Specialist Training Programme is an essential course in foreign trade. It brings in different elements, that in the day-to-day running of my job, I would not encounter otherwise. With working a 5-day week from 9 AM to 5:30 PM, the CD ROM & online tuition, lets you learn the subjects at your ease.

    ireland Jimmy Watters, Ocean Dept. Manager, Hamman International, Ireland
    ITS Graduate 2002

  • lkdungtestWhat does a Vietnamese trade practitioner lack? Exposure to ICC experts, exchange with colleagues working in 'big name' organisations, and especially important - real case studies from all over the world. I got all these invaluable resources from eBSI at a cost which was great value for money. And amazingly enough, studying from home I was able to get an internationally recognized certificate!

    vietnam Le Kim Dung, International Trade Specialist, Hanoi City, Vietnam
    ITS Graduate 2003

  • test_ifetiniucThe ITS Accreditation was very beneficial for upgrading my business skills. I have got an Executive MBA in 1998, and I was looking for a certified program in the field of international trade that should be comprehensive, of high quality, with top faculties available anytime for whatever questions you might get in your project work, or training sessions. The eBSI was the right school for me. I was exciting to observe and take part in the creation of an international mindset. I had fun, every on-line session I spent enriched me with good business knowledge and understanding of people and cultures.

    moldova Igor Fetiniuc, Deputy Director of Competitiveness and Productivy Centre, Moldova
    ITS Graduate 2004

  • vbt
    		 “I enjoyed this international trade course very much. It helped my to be promoted in my job. eBSI Tutors were always in the right place, helping us all the time and giving updated materials. I want to thank you once again for being perfect teachers.
    <strong>georgia</strong>     Lika Dzneladze, Head of Trade Finance Unit at JSC VTB Bank Georgia.










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    I would also like to extend my special gratitude to Thomas Smith for giving me this opportunity to be a an ITS through your respected institution. His encouragement guidance only allowed me to achieve this milestone. His course on E-Business and E-Commerce was very interesting and useful. It indeed opened my eyes to the lot of things. In addition I like the course materials and the online support structure which allows me to fit my learning in when it is convenient for me.
    The International Trade Specialist Accreditation Programme has given me the chance to learn and implement new skills in the area of International Trade and Finance as well as interesting components on Marketing and eBusiness. It was also very useful for me to communicate with highly experienced tutors and international trade specialists.”

    flags_of_Armenia Think Tanks Consultant and Contractor, Armenia




















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