Logistics Management

Foundation Course in Letter of Credit

Why?

The Foundation course in international payment term (LC) Letter of Credit aims to equip students with the fundamentals of payment terms in International Trade.
This course is for the ones who are working in or aspire to work in Export Import, Logistics, Supply Chain, Export and Import part of Supply Chain industry, freight forwarding, &operations.
The course will take students through a range of processes involved in letter of credit and to help them understand the concept better.
Our training ensures that our learners are adequately supported and skilled to maximize their career opportunities and growth in related logistics functions.
Different methods of receiving international payments in exports.
Role of international banks in international trade financing and documentary credit
Types of International Letter of credit
Precautions to be taken by the beneficiary before accepting a letter of credit.
Common discrepancies in LC documentation presentations.

Key Highlights:

Letter of credit and its importance
Parties involved in a letter of credit.
Process flow of Letter of credit
Types of Letters of credit
Beginner's concepts on how does a traditional overseas letter of credit work
What are the typical parties and banks in a simple letter of credit cycle?
What are the different types of letters of credit?
What is the basic framework of a typical export’s transaction involving a letter of credit?
What are the different costs and fees associated with letter of credit and who pays what part.

What makes Unique?

Comprehensive journey through the intricate world of trade finance. "Letter of Credit, " is your gateway to mastering the art of documentary credit by banks, understanding, and navigating the complexities of Types of LCs, Discrepancies, Frauds, Precautions, and Online processes.
Gain a profound understanding of what LCs are and how they work.
Types of LCs Explored: Explore the diverse range of LC types, from Revocable to Confirmed, and more.
Preventing Discrepancies and Frauds by equipping yourself with the knowledge to safeguard your transactions.
Learn the essential precautions to ensure seamless LC processes with the process representation.

Who is this for?

Anyone looking for high paying salaries in the LC departments of MNCs, Banks, or anyone looking for career in managing digital letter of credits working from home.
Exporters and importers who want to refresh and update their complete knowledge about LCs.
Students looking for careers in global business.
International banks professionals or bank job seekers
Working professionals in international trading companies
Senior managers managing global operations.
Exporters and importers
Working executives in exports, imports, letter of credit, international payments roles
Anyone interested in understanding the role of documentary credit.

Learning?

Letter of credit and its importance
Parties involved in a letter of credit.
Process flow of Letter of credit
Types of Letters of credit
Beginner's concepts on how does a traditional overseas letter of credit work
What are the typical parties and banks in a simple letter of credit cycle?
What are the different types of letters of credit?
What is the basic framework of a typical export’s transaction involving a letter of credit?
What are the different costs and fees associated with letter of credit and who pays what part.

Course Hours:

3 hrs

Teaching Mode:

Classroom &
Online Sessions

Course Type:

Certification

Eligibility for:

1. UG/PG Students Course

2. Working Professionals

Location:

Bangalore