This course will develop your expertise and skills in documentary credits and give you a thorough understanding of all the complex issues surrounded by documentary credit best practices.
This program will develop your expertise and skills in documentary credits and give you a thorough understanding of all the complex issues surrounded by documentary credit best practices.
You will learn to comply with the regulatory requirements and understand the key rules involved in customer service and improves your customer relationships.
Outline:
- The history and use of documentary credits
- Documentary credits and other methods of settlement
- The role of the International Chambers of Commerce and the development of the UCP
- Pre-issuance considerations and requirements
- The sales contract and Incoterms
- Issuing a documentary credit
- Advising a documentary credit
- Amendments from an issuing bank perspective
- Confirming a documentary credit
- Document characteristics and preparing documents
- Advising amendments to a beneficiary
- Examining documents
- Examining insurance, financial, commercial and official documents
- Examining transport documents
- The role of the nominated bank
- Refusing documents
- Honor or negotiation
- Transferable credits, back-to-back credits, and assignment of proceeds
- Standby letters of credit
- The features of documentary credits
- Bank-to-bank reimbursements and reimbursement from aid agencies
- Dispute resolution
- eUCP
Zabeel International Institute of Management and Technology is one of the oldest training providers in UAE. It was established in 1988 and now it has multiple branches all across UAE. It offers a wide range of courses related to “Finance, Airline, IT, Engineering, Soft Skill, Languages, Logistics and Management”.
Zabeel Institute has a fully functioning Corporate Division as well, and upon the requests of different companies, it caters to the training requirements of all Organizations.
Accreditations:
Milestones Achieved:
Notes:
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