Letter of Credit, Trade Finance, ISBP, UCP 600/500 Made Easy
What you'll learn
- Different methods of receiving international payments in exports. Nature of movement of goods and payments. Choices available. Significance of each methods.
- Role of international banks in international trade financing and documentary credit. Why do you need an intermediary in international trade transactions ?
- Typical exports and documentary credit cycle. Rules of the international trade transactions. Typical traditional LC cycles. Role of Different types of banks.
- Types of International Letter of credit. Role and significance of different types of documentary credits in international trade financing. Situations, Variants.
- International Letter of Credit Opening Instructions. Role of draft LC opening instructions as suggested by exporter and actual LC opening instructions filed.
- Precaution taken by beneficiary before accepting letter of credit. Checklist of problems that may arise while reviewing LCs by the exporter and as advised.
- Common discrepancies in LC documentation presentations. Checklists of problems commonly seen in documents presented to banks for negotiations across countries.
- Role of UCP 500/600. How UCP rules affect international payment through banks and international trade financing. How does the system works and serve traders.
- Role of ISBP 2007. What is ISBP ? How does it help banks and applicants over UCP and how does it differ ?
- International Letter of Credit Frauds and prevention. What are common anomalies and aberrations as observed by banks all over the world.
- Overview on UCP 600 compared with UCP 500. Comparing the articles and common themes. Emergence of UCP 600 over UCP 500.
- Common provision of UCP 600. What is new? Why you should opt for UCP 600 for your letter of credit transactions. How UCP 600 is more helpful over earlier ver.
- New additions to UCP 600. What are new changes brought to UCP 600? How these changes are made by ICC and Why ? What it means for the trading parties and banks ?
- Emerging role of new revolutionary Blockchain based LCs. How Blockchain based LCs can revolutionize the way international trade is done especially by MSME.
- All about INCOTERMS 2020. Roles, risks and responsibilities distribution among trading parties based on agreed commercial terms. Sea and Place to Place Terms
- What is the role of AI and AI based models in International Trade Financing. What are the benefits of new technologies emerging in alignment with AI power.
- There are no course pre requisite to this course
- Little knowledge of typical export process is desirable
Unlock the World of Trade Finance: Letter of Credit, Trade Finance, ISBP, UCP 600/500 Made Easy
Welcome to a comprehensive journey through the intricate world of trade finance. "Letter of Credit, Trade Finance, ISBP, UCP 600/500 Made Easy", a VJ Export Mastery Series Course, is your gateway to mastering the art of documentary credit by banks, understanding the nuances of UCP 500/600 and ISBP, and navigating the complexities of Types of LCs, Discrepancies, Frauds, Precautions, and Online LC processes.
#TradeFinance #LetterOfCredit #UCP600 #ISBP
Your Essential Guide to Trade Finance
Trade finance is the lifeblood of global commerce, and understanding its core components is essential for individuals and businesses engaged in international trade. This course is designed to demystify the world of documentary credit, making it accessible and easy to comprehend.
My Journey: Pioneering Trade Finance Education
With over 22 online courses as part of VJ Global MBA Knowledge Courses Series on Udemy, most of which centered around international trade and business, I had a profound realization. While these courses covered a wide array of trade-related topics, there was an essential component missing – a comprehensive course that provided complete knowledge about the letter of credit and international trade finance. This realization was the spark that ignited the creation of this course. #TradeFinanceCourse #ComprehensiveEducation
My journey took an exciting turn as I recognized the need to bridge the gap between theory and practice in trade finance. I saw the necessity for a course that could provide students with a holistic understanding of letter of credit, UCP rules, and trade finance essentials. With this vision, I embarked on the mission to create a course that would empower learners with the knowledge they need to navigate the complexities of international trade finance with confidence.
Course Highlights: What You'll Learn
Documentary Credit Deconstructed: Gain a profound understanding of what LCs are and how they work.
UCP 500/600 Deciphered: Navigate the Uniform Customs and Practice for Documentary Credits with ease.
Types of LCs Explored: Explore the diverse range of LC types, from Revocable to Confirmed, and more.
Preventing Discrepancies and Frauds: Equip yourself with the knowledge to safeguard your transactions.
LC Precautions Unveiled: Learn the essential precautions to ensure seamless LC processes.
Online LC Simplified: Embrace the convenience and efficiency of online LC transactions.
Blockchain Based Letter of Credit
Role of AI in International Trade Financing
Who Should Enroll?
Business Professionals: Enhance your trade finance knowledge for international business success.
Exporters & Importers: Master the intricacies of LCs to streamline your overseas transactions.
Finance & Banking Enthusiasts: Deepen your financial acumen with trade finance fundamentals.
International Trade Enthusiasts: Kickstart your global trade journey with a strong foundation in trade finance.
Enroll Now and Master Trade Finance Essentials
Join us in "Letter of Credit, Trade Finance, ISBP, UCP 600/500 Made Easy" and embark on a journey that will simplify trade finance, empower you with essential knowledge, and open doors to seamless global transactions. With expert guidance, real-world applications, and a strong foundation, you'll be ready to navigate the international trade landscape with confidence. #TradeFinanceJourney #InternationalBusiness
Ready to demystify trade finance? Let's embark on this knowledge-packed journey together.
Complimentary copy of the published book on the same topic
Here in this course, a complimentary copy of my published book will be available to each enrolled student. This book will be a good supporting text as the chapters in this book are in alignment with the sections in this course. The book is written accordingly. The book is also available on Amazon Store and Kindle in paperback and a hard copy.
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
Introducing Dr. Vijesh Jain: Your Expert Trainer and Researcher
Dr. Vijesh Jain is a distinguished trainer, researcher, and author renowned for his expertise in management science, cross-cultural management, global trade, and new technology business applications. With over 35 years of experience in industry, academia, training, corporate consulting, and research, Dr. Jain has established himself as a pioneer in his field.
As an accomplished author, Dr. Jain has written Nine books on business and management, including a co-authored book on CFC - Comfort with foreign culture research. These books, available on Amazon store and Kindle, have garnered recognition for their valuable insights into the management of multicultural workplaces and cross-cultural management practices.
Dr. Jain's academic and training background includes graduating from BITS, Pilani, and IIFT, New Delhi, and earning a Ph.D. in International Business from the University of Mysore. He holds the distinction of being the first-ever Certified Global Business Professional (CGBP) from India, certified by NASBITE, USA. His notable achievements also include receiving the prestigious Dr. Jagdish N. Sheth Award for best Ph.D. research, conferred by BIMTECH, Delhi NCR.
With a passion for teaching and training, Dr. Jain has more than 18 years of experience in educating professionals in the field of global business. He has conducted numerous training programs for large corporations and MSME companies, including renowned names such as J.K. Papers Ltd., Syscom Morpho Corporation, Maruti Suzuki Ltd., Ranbaxy, and IMR Resources, among others.
As an online instructor at Udemy Inc., Dr. Jain has leveraged his extensive knowledge and experience to develop training modules in management, exports, imports, and blockchain. His courses have attracted over 290,000 students enrollments worldwide, and counting, benefiting from his practical insights and expertise.
Dr. Jain's current work encompasses corporate training, executive education, and consultancy in various areas, including Business Management, foreign trade, Blockchain/Metaverse business applications, and digital international marketplaces. He is particularly interested in utilizing innovative online training tools to enhance the learning experience.
In addition to his training and research contributions, Dr. Jain has served as the Director - Academics at the United World School of Business, Ahmadabad, and held positions as a Professor with ITS, Gzb, India, and Associate Professor and Dean - Academics with IILM Business School, Gurgaon / Jaipur.
With his vast knowledge, practical insights, and a commitment to excellence, Dr. Vijesh Jain is a trusted resource for corporate training, executive education, and consultancy. Embrace the opportunity to learn from his expertise and enhance your professional skills in the dynamic world of business and management. He is also in the panel of several overseas companies as management trainer.