Import Export Management and Letter of Credit (LC)

This training will teach you about carrying out plans for exports and imports of goods and will provide the delegates with an in-depth understanding of the International Trade Cycle.

You will develop a global perspective and acquire knowledge to handle the complex issues related to Export-Import.

Contents:

• Introduction of Various Payment terms used in Trade
• Uniform Customs & Practice for Documentary Credits (UCP 600
• Introduction to Inco Terms
• Understanding of Bank & Non-Banking payments
• Understanding Tenor related to Payments
• Roles of Banks in Trade payments
• Overview of Letter of Credit (L/C)
• Letters of Credit
• Role of Banks in L/C
• How They Work
• The Technical Variations
• Types of L/C
• Opening a L/C
• Key Terms and Conditions
• Essential Requirements by Banks
• Reviewing Export L/C and Documents Presented under an Export L/C
• Avoiding & Resolving Discrepancies under an Export L/C
• Back to Back Letter of Credit (Merchant Trading transactions)
• Understanding Shipping Terms in Relation to L/C
• Working out L/C application process with bank
• Documentation in Letter of credits
• Problems of discrepancies in L/C
• Pre & Post shipment payment terms
• Back-to-Back L/C
• Pre shipment and Post Shipment finance
• Letter of Credit flows
• Understanding Inco terms
• Standby L/C
• Negotiation process