Intensive Training on Letter of Credit & Documents Examination

This training focuses on the complete LC process—from issuance to settlement—along with in-depth training on document preparation, presentation, and scrutiny in compliance with international rules such as UCP 600 and ISBP. Participants will gain insights into risk mitigation, common discrepancies, bank practices, and best practices for exporters, importers, and banks to ensure smooth transactions and reduce rejections or delays in payment.

Objectives of the Training:

1. Understand the Fundamentals of Letters of Credit:
   Equip participants with a strong grasp of the structure, types, parties involved, and mechanics of LCs in international trade.

2. Interpret UCP 600 and ISBP Guidelines:
   Provide knowledge on the application and implications of the Uniform Customs and Practice for Documentary Credits (UCP 600) and the International Standard Banking Practice (ISBP).

3. Master the Document Examination Process:
   Train participants on how to examine and check trade documents (invoice, B/L, certificate of origin, etc.) against LC terms to avoid discrepancies.

4. Identify and Correct Common Discrepancies:
   Enable learners to recognize frequent document errors and understand how to rectify or avoid them in LC operations.

5. Mitigate Financial and Compliance Risks:
   Teach strategies to reduce risks related to fraud, delays, non-payment, and non-compliance in documentary credit transactions.

6. Understand Bank Roles and Responsibilities:
   Clarify the obligations of issuing banks, advising banks, confirming banks, and reimbursing banks in LC transactions.

7. Apply Practical Skills Through Case Studies:
   Reinforce learning through real-world scenarios and case studies involving documentary credits and document examination.