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
DurationThis 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:
The Letter of Credit (L/C) Training course is designed to provide participants with a comprehensive understanding of the process, documentation, and regulations involved in international trade transactions using letters of credit.
This training will put you ahead in the highly competitive global market of trave and investments. It gives you an in-depth and comprehensive knowledge of the trade profession.
This course will give you a broader overview of discounting and helps you in understanding why the companies require to go for discounts.
This course covers essential details on Letter of credit mechanism under various situations. It tends to help you understand different situations so you do not make mistake while dealing with Letter of Credit.
'Letters of Credit' training is offered by Mesk Management Sciences Institute. Kindly contact us to inquire and find out about the schedule and complete outline.
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