Letter of Credit, Trade Finance, ISBP, UCP 600/500 Made Easy
What you'll learn
- Different methods of receiving international payments in exports.
- Role of international banks in international trade financing and documentary credit
- Typical exports and documentary credit cycle.
- Types of International Letter of credit
- International Letter of Credit Opening Instructions
- Precaution taken by beneficiary before accepting letter of credit.
- Common discrepancies in LC documentation presentations.
- Role of UCP 500/600
- Role of ISBP 2007
- International Letter of Credit Frauds and prevention
- Overview on UCP 600 compared with UCP 500
- Common provision of UCP 600
- New additions to UCP 600
- Emerging role of new revolutionary Blockchain based L/Cs
- All about INCOTERMS®2020
- There are no course pre requisite to this course
- Little knowledge of typical export process is desirable
Welcome to the online course, "Letter of Credit, Trade Finance, UCP 600 & UCP 500 Made Easy". This course is designed to provide a comprehensive understanding of the International Letter of Credit (LC), International Trade Finance and its governing rules, the Uniform Customs and Practice for Documentary Credits UCP 500 & UCP 600.
As you may know, international trade involves various parties, such as buyers, sellers, banks, and shipping companies. And also it requires a reliable payment method to ensure that transactions are secure and efficient. Hence, this is where trade financing by banks comes in as a popular payment method used in international trade transactions.
In this course, you will learn about the different types of LCs, the parties involved in the LC transaction, and the role of the UCP rules in LC transactions. At the same time, you will also gain practical knowledge of the LC process, including how to draft, negotiate, and document an LC. As well as how to handle discrepancies that may arise in the LC documents.
Whether you are a beginner or an experienced professional in international trade, this course will equip you with the essential knowledge and skills needed to understand and work with LCs effectively. So, join us and take the first step towards becoming an expert in International Letters of Credit and UCP 500 and UCP 600.
WHAT IS COVERED IN THIS COURSE?
This course on the international letter of credit covers topics like
Different methods of receiving international payments in exports.
Role of international banks in international trade financing and documentary credit.
Typical exports and documentary credit cycle.
Types of International Letters of credit
International Letter of Credit Opening Instructions
All precautions are to be taken by the beneficiary before accepting the letter of credit.
Common discrepancies in LC documentation presentations.
Role of UCP 500 and UCP 600
Role of ISBP 2007
International Letter of Credit Frauds and prevention
Overview of UCP 600 compared with UCP 500
Common provision of UCP 600
New additions to UCP 600
The emerging role of revolutionary Blockchain-based Online L/Cs
Real-life examples of Blockchain-based L/Cs
What can you expect from the outcome of learning this course?
After completing this course on the international letter of credit and UCP, you will have thorough knowledge about the Documentary International Letter of Credit, its background, nature, and types. Subsequently, you will be able to work with top international companies in their commercial department getting good salaries. Alternatively, you can also start your exports or imports business by receiving or sending international payments for goods/services sold or bought. Finally, this course is the only one of its kind on UDEMY. Because, this course is based on the years of experience and research work carried out by Dr. Vijesh Jain, the author, and instructor of this course.
Advanced Credit, Commercial Credit Analysis, Bank Credit, Certified documentary credit specialists, Credit approval, Export Credit, Import documentary credit, International Trade Finance, Blockchain for banks, Corporate credit analysis, Import bills under LC, Leverage credit, documentary credit risk, credit risk, banking credit analysis, import-export business, LC in shipping, CDCS, Credit risk analysis, Build business credit, Credit risk assessment, Business credit, credit agreement, payment bank, LC types, letter of credit meaning, credit letter meaning, LC meaning, what is a letter of credit, letter of credit examples, bank guarantee, International banking, International freight forwarding, International relations, Credit analyst, Credit risk modeling, Credit underwriter, Exports finance, Credit appraisal process
About the instructor
Dr. Vijesh Jain, the instructor of this course on the documentary letter of credit. And he is a seasoned professional in all the areas related to global business, exports, imports, international logistics, and supply chains. Also, he has served with several international organizations working in several countries and dealt with more than 28 countries for export operations. Moreover, he is an IIFT, BITS, BIMTECH, and Harvard University Alumnus. In addition, he has a Ph.D. in international business from the University of Mysore. More interestingly, an award-winning professor and export professional, he has been actively working to share his knowledge of more than 35 years in international business management. For this, he regularly creates the VJ Global MBA Knowledge Series Courses on UDEMY.
Who this course is for:
- Any one looking for high paying salaries in the LC departments of MNCs, Banks
- Anyone looking for career in managing digital letter of credits working from home
- Exporters and importers who want to refresh and update their complete knowledge about LCs
- Students looking for career in global business
- Entrepreneurs with global ambitions
- New startups in the area of blockchain based international trade soltions
- FX dealers
- International banks professionals or bank job seekers
- Working professionals in international trading companies
- Senior managers managing global operations
263K + students enrollments (120K unique students) from 188 countries in Twenty-Two VJ Global MBA Knowledge Courses Series at UDEMY, a BITS, Pilani, and IIFT, New Delhi graduate, and a Ph.D. First-ever Certified Global Business Professional (CGBP) from India, cert. by NASBITE, USA, and the first-ever recipient of Dr. Jagdish N. Sheth Award for best Ph.D. research, conferred by BIMTECH, Delhi NCR. Also authored two books in the areas of Export-Import Documentation and Cross-Cultural Management. Successfully completed two online certified courses related to entrepreneurship in emerging economies and technology entrepreneurship from Harvard University, USA
Current work includes corporate training, executive training, and consultancy in the areas of international trade, Blockchain/Metaverse advancement in international business, and digital international marketplaces. Special interest in new and innovative online training tools.
With more than 17 years of corporate and industry experience and more than 18 years of education, and training experience in global business having worked in several countries. In the recent past, worked as Director - Academics at United World School of Business, Ahmadabad and was earlier Professor with ITS, Gzb, India. I have worked as Associate Professor and Dean - Academics with IILM Business School, Gurgaon / Jaipur.
In the past, have conducted thousands of training programs at large corporations and MSME companies, to name a few J.K. Papers Ltd., Syscom Morpho Corporation, Maruti Suzuki Ltd., Ranbaxy, IMR Resources, etc. Associated with NIESBUD, CII, PHD chamber, Laghu Udyog Bharati, Sharda University, and others as a resource person. My other related training interests include areas like - Geopolitical Environment for Business, International Business Strategy, Cross-Cultural Management, International Trade Procedures, and Documentation, Blockchain and Metaverse Advancement, International payment systems, Digital and Social Media Marketing, Entrepreneurship, and family business.