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Summary
Programme Objectives
To help the participants get an overview of the Letters of Credit (LC) Guidelines from an ICC perspective and give the participants an in-depth understanding on all the articles of UCP 600 with a practical insight and real-life cases.
Target Audience
Professionals from corporates/banks handling LC transactions
Executives and managers from corporates/banks looking to enrich their working knowledge on LCs
Professionals looking to understand and avert discrepancies in their LC transactions
Trade Finance professionals (Operations/ Compliance/ Risk/ Sales) in banks who have already worked on LC transactions
Course Structure
Duration: 2 days
DAY 1
Session 1
Overview of the LC Mechanism
Parties to LC / Steps in LC issuance
Session 2
Risks Involved in LC – Wrong LCs used
Discrepancies – What are they?
Assessment of LC limits
Session 3
Types of Letters of Credit
Session 4
UCP 600 General provisions – Definitions, Liabilities, Documents
DAY 2
Session 1, 2 & 3
UCP 600 General provisions – Definitions, Liabilities, Documents (Cont’d)
UCP 500 v/s UCP 600 – A snapshot
Case Studies on various provisions of UCP 600
Session 4
INCOTERMS 2020
Role, Risk, Responsibility
Trainer Profile
Having more than 20 years of experience working with public, private & foreign banks. He is an expert in the areas of International Business, Trade Finance, Credit, Foreign Exchange, Collections & non-functional Soft skills. During his corporate career he has handles various aspects of Banking like Retail Liabilities, Retail Assets, Branch Operations, Relationship Management, Trade Finance Sales, Trade Product Development, Trade Operations, Credit, Foreign Exchange, Collections & Recovery, etc. Over the years he has conducted several trainings in Trade Finance, AML, TBML, Import/Export finance, Credit Assessment & Retail Collections