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CPD Course
Letters of Credit Advanced
Develop practical knowledge and confidence in Letters of Credit Advanced. In this learning unit we will look at key elements of the Documentary Credit process from availability of the LC, documents that can be called for in the LC as well as checklists for ensuring proper presentation of documents according to the terms and conditions...
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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 Advanced.
In this learning unit we will look at key elements of the Documentary Credit process from availability of the LC, documents that can be called for in the LC as well as checklists for ensuring proper presentation of documents according to the terms and conditions of the letter of credit. We will also examine the various types of Letter of Credit available and their features.
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 Advanced.
- 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.
In this learning unit we will look at key elements of the Documentary Credit process from availability of the LC, documents that can be called for in the LC as well as checklists for ensuring proper presentation of documents according to the terms and conditions of the letter of credit.
We will also examine the various types of Letter of Credit available and their features.
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
- AVAILABILITY OF LETTER OF CREDIT
1.1 Letter of Credit available by Acceptance
1.2 Letter of Credit available by Negotiation
- DOCUMENTS IN A LETTER OF CREDIT
2.1 Documents for Presentation
2.2 Comment on UCP
2.3 Which Documents to Request?
2.4 Copies or Originals?
2.5 Other Documents and their Contents
2.6 Discrepancies
2.7 Action if Documents have Discrepancies
2.7.1 Summary of Action if Documents are Discrepant
2.8 "Clean" Transport Document
2.9 On Board Bill of Lading
2.10 Sea Waybill
2.11 Insurance Documents
2.11.1 Date of Issue of Insurance Documents
2.12 CMR Convention
2.13 Air Waybill
2.14 Example
- CHECKLISTS FOR DOCUMENTS IN AN L/C
- TYPES OF LETTER OF CREDIT (I)
4.1 Revocable Letter of Credit
4.2 Transferable Letter of Credit
4.3 Back-to-Back Letter of Credit
4.4 Standby Letter of Credit
4.5 Revolving Letter of Credit
4.6 Red and Green Clause Letters of Credit
4.7 Latest Developments in Letters of Credit
- TYPES OF LETTER OF CREDIT (II)
5.1 Irrevocable Letter of Credit
5.2 Confirmed Irrevocable Letter of Credit
5.3 Unconfirmed Irrevocable Letter of Credit
5.4 Summary - Types of Documentary Credit
Further Reading
1 – Impact of the Doctrine of Strict Compliance on a Letter of Credit Transaction
2 – A Critical Commentary on the UCP 600 Rules
3 – Standby Letters of Credit and the Independence Principle
4 – Effective Notice of Refusal in Letter of Credit Transactions
5 – Negotiation in LC Practice and Law
6 - Standby Letter of Credit Rules and Practices Misunderstood or Little Understood by Applicants and Beneficiaries
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
Learners also take: Letters of Credit Essentials
Course pathway: eBSI Trade Finance Academy > Trade Finance Operations > Letters of Credit Advanced
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.