|
Letters of Credit - Practice & Procedures
INTRODUCTION
Understanding the LC process, its risks and benefits and what is the appropriate trade documentation.
OBJECTIVES
* Learn about risks in international trade
* Selecting the appropriate payment method
* Comparing the risks and benefits of the various L/C options
* The L/C process
* Ensuring the appropriate trade documentation; the provisions of the UCP 600 & ISBP 681
* Limiting and dealing with discrepancies
* Avoiding L/C fraud situations.
COURSE OUTLINE
* International commercial terms (Incoterms 2000)
* What is UCP 600?
* What is ISBP 681?
* The Letter of Credit process
* Trade documentation
* Trade finance & payment mechanisms
* Risks in international trade
* International trade & LC fraud
* Relevant case law and case studies
|
