LC Bank procedures – All you need to know in Intl. Trade LC
Learn about the bank procedures followed in Letter of Credit (LC) and gain knowledge on LC fees, SWIFT message types, and common discrepancies. This course provides end-to-end knowledge on LC and its unique features compared to other payment types. Suitable for exporters, importers, and those new to international trade.
What you’ll learn
- Detailed explanation on the Bank procedures followed in Letter of Credit (LC).
- Exporters and Importers who are new to International Trade and LC will get an overall LC knowledge and experience.
- Exporters and Importers can decide whether to choose the LC or other Payment methods.
- Discrepancies, LC fees, SWIFT message types used in LC are included to understand the Bank procedures.
End to end to knowledge about LC and the Banking procedure followed in LC. This course explains the LC SWIFT fields, common SWIFT message types used in LC. Traders can know about the LC fees involved. This course also explains the common discrepancies involved in LC. This course covers the basic payments methods used in LC. Also explains why LC is unique when compared to other payment types. The course is divided into 9 modules. It will start with explaining the Course introduction. Then it will explain the LC introduction covering all the other payment methods used in international Trade. Next module covers the roles and responsibilities of the various Banks involved in LC. It will also cover the ICC publications used in LC. It gives general overview on the ICC publications like UCP600, ISBP, URR and INCO terms 2020. This explains the viewers about the common discrepancies arise while using the Letter of Credits as payment method in International trade.
End to end to knowledge about LC and the Banking procedure followed in LC. This course explains the LC SWIFT fields, common SWIFT message types used in LC. Traders can know about the LC fees involved. This course also explains the common discrepancies involved in LC. This course covers the basic payments methods used in LC. Also explains why LC is unique when compared to other payment types. The course is divided into 9 modules. It will start with explaining the Course introduction. Then it will explain the LC introduction covering all the other payment methods used in international Trade. Next module covers the roles and responsibilities of the various Banks involved in LC. It will also cover the ICC publications used in LC. It gives general overview on the ICC publications like UCP600, ISBP, URR and INCO terms 2020. This explains the viewers about the common discrepancies arise while using the Letter of Credits as payment method in International trade.
Who this course is for:
- You get clarity on the Bank procedures followed in LC.
- You understand more about LC and why it is so secured.
- You will understand the basic discrepancies and the avergae fees involved in LC Cycle.
- You will get a clarity on the ICC publications which guides the LC. Introduction to INCO terms 2020 involved.
User Reviews
Be the first to review “LC Bank procedures – All you need to know in Intl. Trade LC”
You must be logged in to post a review.
There are no reviews yet.