LC Online Training in Hyderabad, LC Certification Training, LC Online Training Classes, LC Online Training Institutes Hyderabad, LC Coaching

Course Contents:

Training program will cover the following areas:

Understanding Letter of Credit (LC):

• The dynamics of Foreign Trade
• Need & Importance of LC
• Types of LCs
• Risk Attached to Various Types of LCs
• Parties to LC
• Issuing & Advising Bank
• Importance of Underlying Contract

Types & Terms of LCs:

• Sight LC
• Deferred Payment / UsanceLcs
• Risk &Risponsibilities of Parties to LC
• Risk of Issuing Bank in Various Types of LCs
• Documents required under LC
• Adding Confirmation to LC
• Role, Risk & Responsibilities of Confirming Bank

Export Documentation & Common Discrepencies:

• Certificate of Origin
• Shipping Document – Bill of Lading
• Commercial Invoices
• Packing List
• insurance Policies & Certificate
• Certificates from Chamber of Commerce
• Attestations & Notarization
• Common Mistakes in Export Documentation

INCOTERMS 2010:

• What are INCOTERMS
• Rights & Responsibilities of Parties Under Various INCOTERMS
• INCOTERMS for Multimodel Transportation
• Maritime INCOTERMS FAS, FOB, CFR, CIF
• Any mode INCOTERMS EXW, FCA, CPT, CIP, DAP, DAT. DDP
• Risk Associated with Various INCOTERMS

Uniform Customs & Practices for Documentary Credit (UCP 600):

• What is UCP 600
• Difference Between UCP 600 and UCP 500
• General Provision & Definitions Article 1 – 5
• Liabilities & Responsibilities 6 -13
• Examination of Documentation 14 – 17
• Documents 18-28
• Miscellaneous Provisions 29 – 33
• Disclaimers 34 – 37
• Transferable Credit & Assignment 34 – 39

Other Related Regulation :

• Uniform Rules for Bank to Bank Reimbursement (URR 725)
• Uniform Rules for Collection (URC 522)
• International Standby Practices (ISP 98)
• International Standard Banking Practices (ISBP)

Course Details:
Course duration comprises of

• 24 Hour active class room training
• Case Studies
• 1 quiz
• Mock Assessment

Student on successful completion of the course will be awarded Certificate of Attendance.