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Documentary Credits Fundamentals
Documentary Credits Fundamentals
Documentary Credits Fundamentals

Documentary Credits Fundamentals

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€75,00
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€75,00
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A practical course specially designed to provide participants with the KNOWLEDGE and SKILLS to: - Examine and understand the terms and conditions in a Letter of Credit (LC) - Avoid and resolve discrepancies when handling documents called for in a LC - Handle special LC - Understand specialised areas of LC - Understand the uses, mechanics and risks of LC  

1 - THE DOCUMENTARY CREDIT

1.1 Why Letters of Credit are Used

1.2 Guarantees for the Importer and the Exporter

1.3 Documentary Credit Rules

1.4 Example of SWIFT

1.5 The Parties to a Documentary Credit

1.6 Documentary Credit Cycle

1.7 Comment on Documentary Credits

1.8 Graphical Summary

1.9 Documentary Credit and the Importer

1.10 Documentary Credit and the Exporter

1.11 Suggestions for the Exporter

1.12 Opinion

  1. OPENING A LETTER OF CREDIT

2.1 Opening a Letter of Credit

2.2 Letter of Credit and Contract of Sale

2.3 Banks and the Goods

2.4 Non-Compliance with the Terms of the Contract

2.5 Bank Charges

  1. CONTENTS OF DOCUMENTARY CREDIT

3.1 Unconfirmed Irrevocable Letter of Credit

3.2 Tolerance

3.3 Partial Shipments

3.4 Transhipment

3.5 Type of Letter of Credit

3.6 Form of Advice of a Letter of Credit

3.7 Date and Place of Expiry

3.8 Date of Issue of the Credit

3.9 Description of the Goods

3.10 Advice and Confirmation of the Letter of Credit

3.11 Amendments

3.12 Details on Transport

  1. IMPORT LETTERS OF CREDIT

4.1 Items to check with the importer

4.2 Completing Documentary Credit (DC) Application Form

4.3 Internal Records

  1. TRANSMISSION OF DOCUMENTARY CREDIT

5.1 Charges for Documentary Credits

Further Reading

1 – Sample LC Application form

2 – Dissertation on Using UCP600

3 – Sample SWIFT Template for LC

4 – Summary Guide to the UCP600 Rules

5 – The Power of Argument

6 – The Role of Documentary Credits in the International Sales Contract

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