About the Program

A comprehensive e-learning course aimed to provide a solid foundation in the knowledge and application of Letter of Credit backed by real market case studies and scenarios. Course Details: • Individual e-learning course • Recap quiz to test your understanding after each section • Duration: 3 hours • Language: English • Certificate of Completion will be awarded • CPD Hours: 3 Objectives: By the end of this course, you will be able to: • understand what a letter of credit (LC) is and its purpose • understand the dynamics and terminology of an LC and the role of each party involved • describe the process of issuing of an LC • identify and select the LC that is best suited for your shipment • understand the rules of issuance and uses of an LC • determine the risks involved with an LC and how to mitigate them; and • understand the best practices while using an LC

Who Should Attend this Program

This course benefits everyone involved in international transactions that is being paid through a letter of credit, this includes exporter sales, finance, operation, logistics, freight forwarders and global buyers.

Course Content
  • Introduction to LC
  • LC Explained
  • LC Procedure
  • Types of LC
  • Rules of Issuance & Use of an LC
  • Dos & Don’ts – Best Practices
  • Case Study
  • Assessment