LC Bank procedures - All you need to know in Intl. Trade LC

LC Bank procedures - All you need to know in Intl. Trade LC

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.                                                                                           

Bank process involved in LC

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What you will 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.

Rating: 0

Level: Beginner Level

Duration: 2.5 hours

Instructor: Senthilkumar Lakshmanan