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☑ Different methods of receiving international payments in exports.
☑ Role of international banks in international trade financing and documentary credit
☑ Typical exports and documentary credit cycle.
☑ Types of International Letter of credit
☑ International Letter of Credit Opening Instructions
☑ Precaution taken by beneficiary before accepting letter of credit.
☑ Common discrepancies in LC documentation presentations.
☑ Role of UCP 500/600
☑ Role of ISBP 2007
☑ International Letter of Credit Frauds and prevention
☑ Overview on UCP 600 compared with UCP 500
☑ Common provision of UCP 600
☑ New additions to UCP 600
☑ Emerging role of new revolutionary Blockchain based L/Cs
☑ All about INCOTERMS®2020
INTERNATIONAL LETTER OF CREDIT AND UCP | ADVANCED CERTIFICATION COURSE
'International letter of credit and UCP mastery advanced certification course' is something you are looking to master the art of getting international payments through documentary international letter of credit? Do you want to ensure that you do not make mistakes in accepting overseas LCs? Do you want to know all about UCP 500/600, ISBP and different methods of documentary credit and when to use these instruments? Friends, this is the perfect course for you. And, this VJ Exports Mastery Series Course provides complete understanding on the international trade financing instruments especially focusing on Documentary International Letter of Credit.
This letter of credit learning course is a step by step guide to make you master the art of handling documentary letter of credit which are issued by banks from around the world. Friends, a career in documentary letter of credit handling is a highly paying job whether you are working for global companies, international banks or export houses. Needless to say, half knowledge is recipe for disaster sooner or later. Therefore, do not leave any stone un-turned in your complete understanding of LCs, UCP 500/600, ISP98, ISBP 2007.
WHAT IS COVERED IN THIS COURSE?
This course on international letter of credit covers topics like
Different methods of receiving international payments in exports.
Role of international banks in international trade financing and documentary credit.
Typical exports and documentary credit cycle.
Types of International Letter of credit
International Letter of Credit Opening Instructions
Precaution taken by beneficiary before accepting letter of credit.
Common discrepancies in LC documentation presentations.
Role of UCP 500/600
Role of ISBP 2007
International Letter of Credit Frauds and prevention
Overview on UCP 600 compared with UCP 500
Common provision of UCP 600
New additions to UCP 600
Emerging role of revolutionary Blockchain based L/Cs
Real life examples of Blockchain based L/Cs
All about INCOTERMS®2020
What can you expect the outcome of learning this course?
After completing this course, you will have thorough knowledge about Documentary International Letter of Credit, its background, nature and types. Subsequently, you will be able to work with top international companies in their commercial department getting good salaries. Alternatively, you can also start your exports or imports business by receiving or sending international payments for goods / services sold or bought. And friends, this course is the only one of its kinds on UDEMY. Because, this course is based on the years of experience and research work carried out by Dr. Vijesh Jain, the author and instructor of this course.
About the instructor
Dr. Vijesh Jain, instructor of this course on documentary letter of credit, is a seasoned professional in all the areas related to global business, exports, imports, international logistics and supply chain. He has served with many international organization working in several countries and dealt with more than 28 countries for exports operations. He is an IIFT, BITS, BIMTECH and Harvard University Alumnus. I addition, he has a PhD in international business from University of Mysore. An award winning professor and exports professional, he has been actively working to share his knowledge of more than 30 years in the international business management. For this, he regularly create VJ Exports Mastery Series of Course on UDEMY.
Introduction to the course
Why letter of credit?
What is Documentary Letter of Credit and its rationale?
Typical exports framework
Understanding Typical Exports Transaction Cycle
Receiving International Payments
International Trade Financing
Introduction to international trade financing
International payments methods explained
Primary methods of receiving international payments
Level of risks associated with the different international payment methods
A typical international payment risk ladder explained
How documentary letter of credit works?
International trade financing instrument of choice for exporters
Understanding basic traditional LC cycle
Basic L/C Cycle
Traditional L/C cycle explained in detail
Typical L/C Cycle Explained
Role of several intermediaries in the LC operations explained
Role of various parties in typical documentary L/C cycle
What factors governs the documentary letter of credit? And Basic Features of UCP
A diverse world and the challenges of dealing with it
Challenges of world of differences
What is UCP?
How does ICC document defines the players involved in its scheme of things
Parties to the international transactions as per UCP
Role of letter of credit as explained in UCP
Rationale of the L/C as per UCP rules
Summary of the Doc Credit Features as per UCP
Defining scope of L/Cs
What an L/C can do and what it can not?
So what is the basis of documentary letter of credit?
Basic tenet of Documentary L/C as per UCP
Several Types of Documentary Letter of Credits
Types of Documentary Credits
Why several different types of doc letter of credits are there?
Several Different Types of Documentary L/Cs
Documentary Letter of Credit Opening Instructions
Seller's role in initiating the L/C process
Why seller's role in framing the first L/C opening instructions?
Seller's L/C opening instructions example
Common Discrepancies in the letter of credit and presentations
L/C flaws discussed
Common Discrepancies in the doc letter of credit received by the seller
Documentary discrepancies explained
Common discrepancies in the documents presented by the seller against the L/C
Impact of local regulations on the documentary credit operations
Impact of local central bank's FX control related policies
Local Exchange Regulations Impacting L/C operations - Example of India
Local FX association's role described
Local FX dealers association rules and its impact on international L/Cs
International Standard banking Practices, 2007
ISBP - the ground zero guiding document
Documentary Letter of Credit Frauds
L/C Frauds explained
Nature of international L/C frauds
Prevention of international documentary letter of credit frauds
Different L/C fees and Charges
L/C costs explained
How L/C fee and costs are split between the seller and the buyer
Typical L/C costs generally paid by the seller
Buyer's Typical costs related to L/C
Uniform Customs and Practices 600 revision - Overview
Overview of UCP 600 Revision
Overview of the history and process adopted for the UCP 600 review
Comparing UCP 600 with UCP 500
Comparison of UCP 600 with 500 explained in short
Overview of the main revisions in UCP 600 over earlier UCP 500
Case Study of Malhotra Exports: Role of National Courts and Local Interpretation
Comparison with UCP 500
UCP 600 Articles
UCP Articles Highlighted
Overview of UCP 600 revised articles
UCP 600 Article 1 - Highlights
UCP 600 Article 2 - Highlights
UCP 600 Article 3 - Highlights
UCP 600 Article 4 - Highlights
UCP 600 Article 5 - Highlights
UCP 600 Article 6 - Highlights
UCP 600 Article 9 - Highlights
UCP 600 Article 10 - Highlights
UCP 600 Article 12 - Highlights
UCP 600 Article 14 - Highlights
UCP 600 Article 16 - Highlights
UCP 600 Article 17 - Highlights
UCP 600 Article 18 - Highlights
UCP 600 Transport Articles 19 to 25 - Overview
Blockchain Based Letter of Credit
Emerging blockchain technology and documentary letter of credit- time to change
Overview of the new technology and its role
Understanding what is Blockchain?
Blockchain based letter of credit eco system
What is the role and advantages of Blockchain in documentary L/C operations?
Seven Steps of Blockchain Based Letter of Credit
Revisiting traditional L/C cycle for comparison with blockchain based L/C cycle
Blockchain Based Letter of Credit Cycle explained and compared
Limitations of Traditional LC
Basic Blockchain LC Solution
Future possibilities in Blockchain based L/C technology
Other concepts to learn to understand the blockchain based L/C operations
Congratulations for completing this prestigious certification course
Final thoughts and reflections on the course