Letter of Credit (LC)

by Rythm Training Zone (Rythm Events)

This is an ideal course for all professionals whose work-role is tied up with Letter of Credit and it associate section. It will help you to not only understand different elements of Letter of Credit but also assists in reducing the discrepa

AED 2100

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Course Details

This is an ideal program for all professionals whose work-role is tied up with Letter of Credit and it associate section. It will help you to not only understand different elements of Letter of Credit but also assists in reducing the discrepancy charges and maintaining the security of payment. This workshop will give you a strong foundation and understanding of the process. 

 

Topics:

 

Foreign Trade Vs Domestic Trade

Methods of Payment

        - Advance Payment

        - Open Account

        - Documentary Collection & Documentary Credits

        - Why letter of credit named as documentary credit

 

Contract of Sale, Price Quotations, Pro Forma Invoice

Pro Forma Invoice

 

        - Purposes and use of the pro forma invoice

        - The export quotation worksheet

        - Elements of the export price

        - Use of terms of sale & payment

 

Trade Terms in Foreign Trade

 

        - INCOTERMS and Documentary Credits

 

Letter of Credit Payment Process

        - L/C instructions

        - L/C requirements prior to shipment

        - Step-by-step payment process

        - Discrepancies: types and nature

 

- Documentary credit application, completing the application, importance of clear and precise instruction, keeping documents simple, not to specify impossible documentation

 

Rythm Training Zone under Rythm Events is a pioneer training and consultancy service provider located in UAE. It has a vast reservoir of expertise and knowledge that has been tasked to help companies achieve their organizational goals of effectiveness, enhanced performance, and quality output. 

It has been known to provide 'Quality Employee Education' through its wide range of training programs and consultancy services.

 

Training Methodology:

  • In-House Training
  • Open Programs
  • Customized Training
  • Deira Branch

    Salahuddin Road,, Deira, Dubai

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