Course Prerequisites
- Please note that this course has the following prerequisites which must be completed before it can be accessed
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Financial and Operational Risk Management
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Essential Internal Audit
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Import Export Management
About This Course
This is a certification programme designed and given by the American Institute of Business & Management (AIBM) which covers all the latest requirements and practices. The Uniform Customs and Practice for Documentary Credits (UCP) standards are utilized by banks and companies in more than 175 countries for international trade financing. Some 11-15% of international trade utilize letters of credit (L/C), and with the latest revision of the UCP rules, UCP 600 – in effect since July 1st 2007 –almost all letters of credit issued by banks have been subject to these rules.
Learning Objectives
The Finance 3.0 UCP 600 program is a library of 7 courses designed to take participants through different articles set in UCP 600 in regards to their applicability and functionality in letters of credit used for different international trade situations. The key rules relating to the documentation of letters of credit are also covered, ensuring that participants both new and experienced to letters of credit benefit from an examination of this key piece of technical knowledge in international trade finance
Material Includes
- 1.Certificate of Inspection.
- 2.Insurance Certificate.
- 3.Commercial Invoice.
Requirements
- The trainer has 40 years first hand and practical trade finance experience with a major international bank.
- He has provided training to banks and companies globally on a variety of trade finance subjects.
- This one day course reflects the trainer’s trade finance experience in structuring trade deals, corporate relationship management, credit risk and trade operations.
Target Audience
- 1.Exporter
- 2.Importer
- 3.Advising bank
- 4.Credit issuing banks
Curriculum
100h
Auditor
One of the basic reasons a company uses letters of credit is because they assure payment. But in order for payment to be received, your documents must comply with the terms of the LC. In order to meet that requirement, you need to review the letter of credit before you ship your goods.
Your Instructors
Free
Material Includes
- 1.Certificate of Inspection.
- 2.Insurance Certificate.
- 3.Commercial Invoice.
