Letter of Credit, Trade Finance, ISBP, UCP 600/500 Made Easy- Free Udemy Courses

What you’ll learn in this Online Course

• Different methods of receiving international payments in exports. Nature of movement of goods and payments. Choices available. Significance of each method.
• Role of international banks in international trade financing and documentary credit. Why do you need an intermediary in international trade transactions?
• Typical exports and documentary credit cycle. Rules of the international trade transactions. Typical traditional LC cycles. Role of Different types of banks.
• Types of International Letter of Credit. Role and significance of different types of documentary credits in international trade financing, Situations, Variants.
• International Letter of Credit Opening Instructions. Role of draft LC opening instructions as suggested by exporter and actual LC opening instructions filed.
• Precaution is taken by the beneficiary before accepting the letter of credit. Checklist of problems that may arise while reviewing LCs by the exporter
• Common discrepancies in LC documentation presentations. Checklists of problems commonly seen in documents presented to banks for negotiations across countries.
• Role of UCP 500/600. How UCP rules affect international payment through banks and international trade financing. How does the system work and serve traders.
• Role of ISBP 2007. What is ISBP? How does it help banks and applicants over UCP and how does it differ?
• International Letter of Credit Frauds and prevention. What are common anomalies and aberrations as observed by banks all over the world.
• Overview of UCP 600 compared with UCP 500. Comparing the articles and common themes. Emergence of UCP 600 over UCP 500.
• Common provision of UCP 600. What is new? Why you should opt for UCP 600 for your letter of credit transactions. How UCP 600 is more helpful than earlier ver.
• New additions to UCP 600. What are new changes brought to UCP 600? How these changes are made by ICC and Why? What does it mean for trading parties and banks?
• The emerging role of new revolutionary Blockchain-based LCs. How Blockchain-based LCs can revolutionize the way international trade is done especially by MSME.
• All about INCOTERMS 2020. Roles, risks, and responsibilities distribution among trading parties based on agreed commercial terms. Sea and Place to Place Terms
• What is the role of AI and AI-based models in International Trade Financing? What are the benefits of new technologies emerging in alignment with AI power?

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