Description
Are you working in Bank / Finance Department / Treasury & interested in improving your knowledge & skill set in Trade Finance?Then this introductory course is for you! Letter of Credit L1: Basics Concepts & FundamentalsIn this short course, I will be taking you through topics covering: a) Introduction to LCb) Definitionc) Parties involved in LC (P1, P2)d) What is UCPDCe) Advantage of LC for Seller & Buyerf) Issue of LCg) Types of LCh) Documents under LCI) Credit Implication of LC for BankersThis course will give you basic insight about the Letter of Credit (LC), as it plays a significant role in facilitating both Intra & inter-country transactions with various benefits to both Seller & Buyer. However, Bankers have to exercise due care because, in the event of default by the buyer to make a payment on time, devolvement of LC would come like a blow. So, strengthening basics in LC will always keep your foundation strong. This course is structured in a self-paced learning style. Requesting you to use your headphones for a better learning experience. Also, keep note pad & pen alongside to take keynotes. See you inside the course!
