Udemy

Platform

English

Language

Finance

Category

International Trade Finance - An Overview

Easy Explanation of International Trade Payment Methods like LC, Collections, BG etc | Overview of Incoterms 2020

4.48 (96 reviews)

Students

2 hours

Content

May 2021

Last Update
Regular Price


What you will learn

An overview of trade finance along with Incoterms 2020

Payment methods used in international trade and Pros and Cons of each payment method

Detailed process flow of complex methods like letter of credit, bank guarantee or collections


Description

Welcome to the course on International Trade Finance - An Overview

The course gives a brief overview of the world of trade finance before going into the details of the various payment methods used in international trade. It explains the detailed process flow of complex payment methods like collections, letter of credit, escrow account, and bank guarantees.

This course covers -

  1. What are Trade Finance and the Parties Involved

  2. Methods of Payment in International Trade - Overview

  3. Documentary Collection - Detailed Process Flow and Related Knowhow

  4. Letter of Credit - Detailed Process Flow and Related Knowhow

  5. Types of Letter of Credit

  6. Bank Guarantees - Detailed Process Flow and Related Knowhow

  7. Letter of Credit and Bank Guarantee - A Comparison

  8. Samples of Real-life trade documents and the important fields in those documents.

  9. Overview of Incoterms 2020

  10. Evaluation Test

Who is this course for -

1. Businessmen in the Export-Import domain who want to understand the payment methods available to them

2. Bankers

3. Students in international trade

4. Employees in Trading Organizations


Special care has been taken to ensure that all the explanations are simple and lucid so that anyone without any background in finance can understand.

Invest just one hour in this course and be assured that you will get a solid knowledge base and you will be more confident to go into in-depth understandings in international trade finance.



Screenshots

International Trade Finance - An Overview
International Trade Finance - An Overview
International Trade Finance - An Overview
International Trade Finance - An Overview

Content

International Trade Finance - The Gist

A Gist of the world of International Trade Finance

Methods of Payment in International Trade

Classification of Payment Methods and Factors which determine the choice

Advance Payment and Open Account Methods

Escrow Account Method

Documentary Collections and Avalisation/Banker's Acceptance Methods

Deferred Payment Undertakings and Bank Guarantees

Documentary Collections Method

Roles/ Parties in Documentary Collections Method

Process Flow of Documentary Collections - Sight and Usance

Categories of Documents and Types of Collections

What is a Collection Instruction prepared by banks?

Responsibilities in the Export/Outward Collection Desk of a Bank

Responsibilities in the Import/Inward Collection Desk of a Bank

Letter of Credit

Understanding the Definition of a Letter of Credit

Process Flow And Roles of Banks Involved (Advising, Negotiating, Reimbursing)

Vital Points about LCs

Types of Letters of Credit

Classification of Letters of Credit

Confirmed and Unconfirmed LC - The Difference

Red Clause LC and Green Clause LC - Uses

A Revolving Credit - Uses and Types

Transferable LCs - Process Flow

Back to Back LC - Process Flow

Bank Guarantees

Bank Guarantee - Definition and Process Flow

Types of BGs - Depending on Nature and Purposes

Advantages of a Bank Guarantee

Validity of the BG Limit Vs Validity of an individual BG

Letter of Credit and Bank Guarantee - A Comparison

Letter of Credit Vs Bank Guarantee

Bonus: Samples of Real life trade documents and the important fields

Bill of Exchange, Invoices, Packing List

Various Important Certificates

Transport Documents and Insurance


Reviews

P
Prashant2 March 2021

I am working in the same field where the tutor of the course has worked and now taking these classes. I can easily say this is the best session online/offline mode I have seen uptill now. Absolutely brilliant and kudos to Ma'am for designing such a great course.

A
Abhranil10 January 2021

Very clear and easy-to-understand explanations, and good clean graphics. I would totally pay for courses from these people.

B
Biswabandhu10 January 2021

Extremely helpful. Very simple in language, explained in a lucid manner with adequate graphics. The narratives testifies her knowledge on the subject. Benefitted.


3734830

Udemy ID

12/29/2020

Course created date

1/11/2021

Course Indexed date
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