17 & 18 July 2025
2-Day Hybrid Trade Seminar on Understanding the uses, mechanics & risks of Letters of Credit and Special Letters of Credit
Seminar Fee: $788.00
Time: 9am to 5pm
A course specially designed to provide participants with the knowledge and skills to examine and understand the terms and conditions in LCs, as well as to avoid resolve discrepancies when handling documentary credits.
1st Day – Course Benefits
- the key terms and conditions in a typical LC
- technicalities of different types of LCs
- to handle discrepancies in documents
- the relevance of UCP600 / ISBP to LCs
- to minimize the risks in processing trade documents
Special Letters of Credit is a practical course that explains the processing of special types of credits, highlighting their uses, operations and inherent risks. It will benefit entry-level or junior staff in import and export financing, documentary bills or credit & marketing.
2nd Day – Course Benefits
- Step-by-step explanation of special credits
Red Clause credit, Green Clause credit
Revolving credit, Transferable credit
Back-to-back credit, Counter credit
Standby Credit.
- Risks in LC transactions
Transit Risk, Country Risk
Bank Risk, Exchange Risk
- How to reduce risk under documentary credits
- Minimizing frauds in documentary credits
- Bank’s security under LCs