Basics of Letter of Credit & Receiving Overseas Payments
What you'll learn
- Beginner's concepts on how does a traditional overseas letter of credit work
- What are the typical parties and banks in a simple letter of credit cycle
- What is UCP 500/600 and its role in international L/C operations
- What is a blockchain based letter of credit?
- What are the different types of letter of credits
- What is the basic framework of of typical exports transaction involving a letter of credit
- What are the different costs and fees associated with letter of credit and who pays what part.
Requirements
- This is a beginner's course and there are now course requirements and prerequisites
Description
Mastering International Trade Finance: Basics of Letter of Credit & Receiving Overseas Payments
Welcome to a dynamic exploration of international trade finance! This VJ Export Mastery Series Course is your passport to understanding the fundamentals of Letter of Credit (LC) transactions, decoding the complexities of overseas payments, and navigating the global landscape of trade finance. #TradeFinance #InternationalTrade
Demystifying LCs: How It All Works
Uncover the essential workings of Letter of Credit, a cornerstone of international trade finance. Delve into the intricacies of LC payment processes, grasp the significance of UCP (Uniform Customs and Practice for Documentary Credits), and gain insights into the diverse types of LCs that fuel global commerce. #LetterOfCredit #UCP
My Journey: From Educator to Course Creator
With more than 20 courses already under my belt, I recognized a crucial gap in the world of online education – the absence of a succinct, yet comprehensive course that offered essential knowledge about Letter of Credit and the nuances of receiving international payments. This realization was my driving force. It was a call to bridge the gap between complex financial instruments and the need for simple, actionable knowledge. #OnlineEducation #TradeFinanceKnowledge
Pioneering Simplicity
Armed with years of experience and a profound understanding of the complexities of international trade finance, I embarked on a journey to create a course that would serve as a beacon for students seeking clarity in this intricate field. My goal was clear – to provide a sound, effective, and concise course that simplifies the fundamentals of Letter of Credit and international payment reception. #SimplifiedLearning #TradeFinanceSimplicity
A Transformational Learning Experience
Explore Course Highlights: What You'll Learn
LC Transaction Insights: Develop a profound understanding of how LC transactions facilitate global trade.
UCP Demystified: Navigate the international trade arena by comprehending the significance of UCP.
LC Types Unveiled: Explore a diverse range of LC types, from Revocable to Confirmed, and more.
Blockchain-Powered LC: Embrace the future of LCs with insights into Blockchain-based transactions.
Banks' Vital Role: Gain clarity on the pivotal role banks play in LC operations.
LC Costs Unmasked: Learn to decipher and manage the costs associated with LC transactions. #TradeFinanceInsights #BlockchainLC
Who Should Enroll?
Business Professionals: Equip yourself with trade finance knowledge essential for international business success.
Aspiring Exporters & Importers: Master the intricacies of LCs to streamline your overseas transactions.
Finance & Banking Enthusiasts: Enhance your financial acumen by immersing yourself in the world of LCs.
International Trade Novices: Embark on your global trade journey with a strong foundation in trade finance. #InternationalBusiness #TradeFinanceFoundation
Enroll Now and Unlock the World of Trade Finance
Join us in "Basics of Letter of Credit & Receiving Overseas Payments" and embark on a journey that will demystify LCs, empower you with trade finance knowledge, and open doors to seamless global transactions. With expert guidance, real-world applications, and a strong foundation, you'll be ready to conquer the international trade landscape. #TradeFinanceCourse #GlobalTransactions
Ready to take your first steps into the world of trade finance? Let's begin this transformative journey together.
Who this course is for:
- Management Students
- International Business Students
- Exporters and importers
- Working executives in the area of exports, imports, letter of credit, international payments roles
- Bank officials working in the international branch of the banks
- Anyone interested in understanding the role of documentary credit
Instructor
- 4.3 Instructor Rating
- 2,921 Reviews
- 155,324 Students
- 27 Courses
Meet Dr. Vijesh Jain, B.E. (BITS, Pilani), M.I.B. (IIFT, New Delhi), CGBP, Nasbite, USA: Your Guide to Export-Import Expertise
Welcome to the international business domain of expertise with Dr. Vijesh Jain, a prominent and prolific expert in global management science, Cross-cultural management, and global business excellence. With more than three and a half decades of experience in industry, education, training, and research. Dr. Jain has put together an unrivaled and effective learning path tailored for professionals who want to specialize in export and import management.
VJ Import-Export Excellence Learning Course Series: Revealing the World of International Business
Launched a transformative learning experience with the VJ Export-Import Mastery Courses series, an unprecedented collection of 24 carefully crafted courses available online only on Udemy, delving into every aspect of international business. From the essentials and basics of the document to cutting-edge topics such as the role of AI, blockchain, and the changing global business environment. With over 342,000 enrollments in these courses and 151,000 unique students originating from over 195 countries, the series marks Dr. Jain's groundbreaking work in online foreign trade education. It's a testament to the global influence of this one-of-a-kind online education series.
Your expert instructor and researcher: Dr. Vijesh Jain
Dr. Vijesh Jain is a leader in international business education and excellence. It combines academic rigor with real-world insights gained from his extensive industry, academic and research experience. A writer with more than 16 books to his credit on global business and international management, Dr. Jain's work has been recognized for his valuable contributions to the practice of cross-cultural and integrated management consisting of new technologies compatible with global business operations.
Academic credentials and professional awards
Bachelor of Engineering from BITS, Pilani, Rajasthan, India, a Masters in International Business from IIFT, New Delhi, India, and a PhD in International Business from the University of Mysore (along with BIMTECH) and accredited by NASBITE, USA. Having the distinction of being India's first Certified Global Business Professional (CGBP), Dr. Jain brings a wealth of expertise to the table. His illustrious career has been honored with some of the best Ph.D theses. The numerous research papers published in international journals highlight his academic abilities and contributions to the research field.
A legacy of excellence in training and management education
With a passion for teaching and training, Dr. Jain has shaped the professional trajectories of countless individuals through workshops and training programs organized for respected companies across the world. As Director and Dean of several B Schools in the past, Dr. Jain brings with him a proven path to management education excellence, especially in the area of international business and trade.
Innovation in online learning with Udemy
As one of the most respected online instructors and course creators, Dr. Jain seamlessly translates his wealth of knowledge into dynamic online courses that engage more than a quarter million students worldwide. Leveraging the latest technologies and learning tools, Dr. Jain's innovative online training helps learners worldwide understand the complexities of global business with confidence and expertise.
A trusted source of information on vocational education
In addition to his training and research efforts, Dr. Jain's leadership role reinforces his commitment to nurturing the next generation of global business leaders. With a focus on executive education and mentoring, Dr. Jain continues to shape the future of global business through an unwavering dedication to excellence.
Join the global learning community
Dr. Vijesh Jain embraces the opportunity to learn from the best and develop your professional skills in the ever-changing world of business and management. Whether you are a seasoned professional or an aspiring entrepreneur, Dr. Jain's expertise promises to unlock new possibilities. and propel you to success in the global marketplace. Join the VJ Export Mastery Courses Series today and begin your transformational journey of exporting and importing expertise.