Letter of Credit: Understanding Source Documents – LC & UCP 600 

Training on Letter of Credit: Understanding Source Documents – LC & UCP 600

Module 1 : Understanding Letter of Credit (LC)

  • Introduction to training on letter of credit
  • The dynamics of Foreign Trade
  • Need & Importance of LC
  • Types of LCs
  • Risk Attached to Various Types of LCs
  • Parties to LC
  • Issuing & Advising Bank
  • Importance of Underlying Contract

Module 2 : Types & Terms of LCs

  • Sight LC
  • Deferred Payment / Usance Lcs
  • Risk & Risponsibilities of Parties to LC
  • Risk of Issuing Bank in Various Types of LCs
  • Documents required under LC
  • Adding Confirmation to LC
  • Role, Risk & Responsibilities of Confirming Bank

Module 3 : INCOTERMS 2010

  • What are INCOTERMS
  • Rights & Responsibilities of Parties Under Various INCOTERMS
  • INCOTERMS for Multimodel Transportation
  • Maritime INCOTERMS FAS, FOB, CFR, CIF
  • Any mode INCOTERMS EXW, FCA, CPT, CIP, DAP, DAT. DDP
  • Risk Associated with Various INCOTERMS

Module 4 : Export Documentation & Common Discrepancies

  • Certificate of Origin
  • Shipping Document – Bill of Lading
  • Commercial Invoices
  • Packing List
  • Insurance Policies & Certificate
  • Certificates from Chamber of Commerce
  • Attestations & Notarization
  • Common Mistakes in Export Documentation

Module 5 : Uniform Customs & Practices for Documentary Credit (UCP 600)

  • What is UCP 600
  • Difference Between UCP 600 and UCP 500
  • General Provision & Definitions Article 1 – 5
  • Liabilities & Responsibilities 6 -13
  • Examination of Documentation 14 – 17
  • Documents 18-28
  • Miscellaneous Provisions 29 – 33
  • Disclaimers 34 – 37
  • Transferable Credit & Assignment 34 – 39

Module 5 : UCP Case Studies

Module 6 : Important Court Cases & Verdicts

  • Court Cases Related to Letter of Credit
  • Courst Cases Related to UCP Terms
  • Court Cases Related to INCOTERMS
  • Court Cases Related to Discrepencies in Documentation
  • Court Cases Related to Terms of LC

Main Area Detail Topics

  • Technical Analysis Principles Of Technical Analysis, Its Applications, And Its Underlying Assumptions
  • Construction Of Different Types Of Technical Analysis Charts And Interpret
  • Them
  • Uses Of Trend, Support, Resistance Lines, And Change In Polarity
  • Common Chart Patterns
  • Common Technical Analysis Indicators (Price-Based, Momentum Oscillators,
  • Sentiment, And Flow Of Funds)