Udemy - International Trade Finance - Letter of Credit & UCP 600

What you'll learn:
Process Flow of a Letter of Credit and its various types and the Terminologies related to Letter of Credit
Various Parties/ Banks involved in LC and their Roles
Practical Approach to UCP 600, How to scrutinize LC bills for Negotiation/ Purchase/ Discounting which is a Stepping stone to CDCS Exam Preparation
Requirements
No prerequisites, just curiosity about the world of international trade finance :)
Description
Welcome to the course on Letter of Credit | UCP 600 | Negotiation of Bills
Letter of Credit is one of the pillars in international trade finance. The knowledge of letter of credit is essential not only for bankers but also for export-import businessmen or employees in the trading domain.
This is a compact course that lucidly explains the entire process flow of a Letter of Credit, its various types. It discusses the practical aspects of UCP 600 and how to easily remember and implement the Articles of UCPDC 600.
This course also explains how to scrutiny bills under a letter of credit for negotiation/ purchase/ discounting. It teaches you the approach to check documents against the LC and teaches the most common discrepancies found in the various documents submitted under an LC, like Bill of Exchange, Commercial Invoice, Transport documents, Insurance, etc.
This course is highly recommended for anyone new in international trade finance or an export-import business.
This course is a starter guide to the CDCS exam, you can invest just one hour in this course before you spend huge time and money on detailed courses.
Special care has been taken to ensure that all the explanations are simple and lucid so that anyone without any background in finance can understand.
This course currently covers-
Letter of Credit - Detailed Process flow, Parties and Banks involved, and Related Knowhow
Difference between Purchase, Negotiation, and Discounting of Bills
Types of Letter of Credit - In Detail
Samples of real-life documents presented under LC and important fields
UCP 600 - Easy way to remember the articles
Scrutiny of Documents - What to look out for and the Most Common Discrepancies
Some Sections to be added to the course in near future -
The process of issuing a Letter of Credit - Steps and precautions
Back to Back Letter of Credit - Thorough Analysis
Transferable Letter of Credit - Thorough Analysis
MT 700 SWIFT Series Details - For Export-Import Businessmen and Bankers
Who is this course for -
Bankers
Students in international trade
Businessmen in the Export-Import domain who want to understand the payment methods available to them
Employees in Trading Organizations
Who this course is for
Bankers handling trade finance desk
Export- Import Businessmen
Employees of Trading Organizations
CDCS/ CITF Aspirants
Homepage
https://www.udemy.com/course/letter-of-credit-ucp-600-negotiation-of-bills/