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CPD Course
Letters of Credit Essentials
Develop practical knowledge and confidence in Letters of Credit Essentials. A practical course specially designed to provide participants with the KNOWLEDGE and SKILLS to: - Examine and understand the terms and conditions in a Letter of Credit (LC) - Avoid and resolve discrepancies when handling documents called for in a LC - Handle special LC...
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Course Description
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Choose 5 or 10 licences to purchase access for multiple learners at a reduced per-person rate. After purchase, eBSI will contact you to confirm the learner details and arrange course access for each participant.
Develop practical knowledge and confidence in Letters of Credit Essentials.
A practical course specially designed to provide participants with the KNOWLEDGE and SKILLS to: - Examine and understand the terms and conditions in a Letter of Credit (LC) - Avoid and resolve discrepancies when handling documents called for in a LC - Handle special LC - Understand specialised areas of LC - Understand the uses, mechanics and risks of LC
Why this course matters
This course turns the subject into practical, structured learning you can apply in real business and workplace situations. It is designed to help you move beyond definitions and understand how the ideas, tools and decisions covered in the course fit together.
What you will gain
- Build a clearer practical understanding of the key concepts and terminology in Letters of Credit Essentials.
- Recognise how the topic affects real international trade, finance or risk decisions.
- Apply the course principles more confidently in relevant business situations.
Who is this course for?
This course is suitable for trade finance professionals, bankers, compliance and risk teams, exporters, importers and other professionals involved in international transactions.
Course at a glance
- Format: self-paced online learning.
- Professional development: CPD course.
A practical course specially designed to provide participants with the KNOWLEDGE and SKILLS to: - Examine and understand the terms and conditions in a Letter of Credit (LC) - Avoid and resolve discrepancies when handling documents called for in a LC - Handle special LC - Understand specialised areas of LC - Understand the uses, mechanics and risks of LC
Completing this course will confer 5 CPD Credits towards internationally recognised Continuous Professional Development Requirements within organisations operating this kind of staff development methodology.
Course Outline
1 - THE DOCUMENTARY CREDIT
1.1 Why Letters of Credit are Used
1.2 Guarantees for the Importer and the Exporter
1.3 Documentary Credit Rules
1.4 Example of SWIFT
1.5 The Parties to a Documentary Credit
1.6 Documentary Credit Cycle
1.7 Comment on Documentary Credits
1.8 Graphical Summary
1.9 Documentary Credit and the Importer
1.10 Documentary Credit and the Exporter
1.11 Suggestions for the Exporter
1.12 Opinion
- OPENING A LETTER OF CREDIT
2.1 Opening a Letter of Credit
2.2 Letter of Credit and Contract of Sale
2.3 Banks and the Goods
2.4 Non-Compliance with the Terms of the Contract
2.5 Bank Charges
- CONTENTS OF DOCUMENTARY CREDIT
3.1 Unconfirmed Irrevocable Letter of Credit
3.2 Tolerance
3.3 Partial Shipments
3.4 Transhipment
3.5 Type of Letter of Credit
3.6 Form of Advice of a Letter of Credit
3.7 Date and Place of Expiry
3.8 Date of Issue of the Credit
3.9 Description of the Goods
3.10 Advice and Confirmation of the Letter of Credit
3.11 Amendments
3.12 Details on Transport
- IMPORT LETTERS OF CREDIT
4.1 Items to check with the importer
4.2 Completing Documentary Credit (DC) Application Form
4.3 Internal Records
- TRANSMISSION OF DOCUMENTARY CREDIT
5.1 Charges for Documentary Credits
Further Reading
1 – Sample LC Application form
2 – Dissertation on Using UCP600
3 – Sample SWIFT Template for LC
4 – Summary Guide to the UCP600 Rules
5 – The Power of Argument
6 – The Role of Documentary Credits in the International Sales Contract
Forum Assignment
Our Trade Finance courses were awarded Best Online Trade Finance Accredited Courses Globally by Capital Finance International Magazine in 2019! Our trade finance online training offerings are endorsed by the International Finance Corporation for professional development in this area by its issuing and partner banks. Our online certificate program is a great value for money way to prepare for the exams of the CDCS and CITF exams. All our courses are also accredited for Continuous Professional Development (CPD) purposes by the CPD Certification Service of the United Kingdom which confirms they meet international CPD standards
Continue your learning
Part of this learning pathway: Trade Finance Operations
Next course: Letters of Credit Advanced
Course pathway: eBSI Trade Finance Academy > Trade Finance Operations > Letters of Credit Essentials
Explore more Trade Finance Operations training or return to the eBSI Trade Finance Academy.
Your questions, answered
Does the course include a certificate?
The course assessment leads to a downloadable digital PDF CPD Certificate of Completion. See the course description for the CPD credits awarded.
What is CPD?
CPD stands for Continuing Professional Development. It is the ongoing learning that helps you maintain and develop the knowledge and skills you use in your work. Courses, workshops and other learning activities can contribute to your CPD record.
Can I ask a question before enrolling?
Book a free video consultation to discuss your goals and course choice.