Letter of Credit, Trade Finance, ISBP, UCP 500/600 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 method.
- 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 is taken by the beneficiary before accepting the letter of credit. Checklist of problems that may arise while reviewing LCs by the exporter
- 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 work 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 of 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 than 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 does it mean for trading parties and banks?
- The 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?
Requirements
- There are no course pre requisite to this course
- Little knowledge of typical export process is desirable
Description
Immerse yourself in the world of: Letter of Credit, Trade Finance, ISBP, UCP 600/500 Made Easy
I wish to welcome you to this comprehensive course on the subject of Letters of Credit, Trade Finance, ISBP, UCP 600/500 Made Easy. This specialized course in the VJ Export Import Mastery Series of Courses is your best bet for learning all about international trade financing and documentary credit. This course aims to explain step by step the background, principles, features, guidelines, norms, practical tweaks to documentary credit and related documents, guidelines, protocols, and regulations. All these concepts are discussed in the most simple manner in this course, explained by the instructor through byte-sized video lectures. Things like types of letters of credit, the role of LC opening instructions, the template for the letter of credit, necessary precautions while dealing with letters of credit, and other trade financing instruments are discussed in these informative lectures.
#Trade #Letterofcredit #UCP600 #ISBP
It is Your Important and Essential Guide to Learning Trade Finance
Understanding International Trade Finance from the concepts to specific is the lifeline of understanding the whole process of receiving international payments for export transactions and paying for import shipments. At the same time, those desirous of working with international banks in this field would find this course a confidence-generating experience as it will make you understand the background and foreground of the subject. The contents are created to demystify the subject and make it easy to comprehend for a novice. At the same time, it would reinforce the conceptual knowledge of the experts too.
About My Journey In Creating this Course: Redefining the International Trade Finance Knowledge
With already having more than 22 courses in the VJ Export Import Mastery Series of Courses on Udemy, all focusing on international trade education, I have always felt the need to go a little deeper into the subject of safer methods of receiving international payments for export transaction and methods of paying safely for the import purchases from overseas suppliers. Little had I imagined while starting out to create the contents of this course that one single course itself may not be enough to discuss this subject area in full. However, I tried to squeeze the topics into a course of this size so that it is much easier for the students of this course to make great sense of the topics and enhance their learning. I basically tried to optimize the knowledge, engagement, and time required to learn the important concepts in this area. The result was this course that provided me a lot of satisfaction having included the topics in my way and in my sequence.
Enhancing Excellence In International Trade Financing
Somewhere while creating content for this course I realized that I could create the best contents in this subject area that cover the most confidence-generating results for the students helping him or her realize the complete and holistic understanding from the lectures, delivered in the most interesting, engaging, and simple way. With this realization, I embarked on generating the content for this course with enhanced conviction and renewed energy thinking of creating a new bestseller in this subject area. I am happy to see the good response to this course and its contents that I am constantly updating with new knowledge and new ideas, 24/7, 365 days a year.
So What are the Course Highlights and What will You Learn?
In this course, my focus is on the following topics:
Documentary Credits Explained: Explaining complete understanding of what LCs are and how they work.
UCP 500/600 Navigated: A Guided Tour to the Uniform Customs and Practice for Documentary Credits with Ease and Comfort.
Types of LCs Explored: Explore with me several types of LC, from Revocable LCs to Time LCs, to Confirmed LCs, and more.
How to Prevent, Mistakes, Discrepancies, and LC-related Frauds: Gain knowledge and alerts to safeguard your international trade transactions and flow of payments through banks.
LC Precautions Redflagged: Step by Step learn the essential precautions to ensure seamless LC processes.
What are the new technology-based Instruments: e.g. Blockchain-Based Letters of Credit
A Discussion on the Role of AI in International Trade Financing: What are the areas where AI can play a significant role in international trade financing and bank operations?
Who are the People Who Will Find This Course Most Interesting?
Although I can not be sure who this course will help the most, I can still guess that this course would be most suitable for the following people and I have kept these people in my mind while creating the content for this course.
First of All Any kinds of Business Professional: You Should be able to Enhance Your knowledge for international business success through complete and background understanding in the area of international trade finance & LC operations.
Exporters & Importers from Anywhere in the World: You will learn the intricacies of LCs to streamline your overseas transactions.
Finance & Banking Practitioners and Enthusiasts: You will be able to Enhance Your Financial Acumen with Trade Finance Fundamentals.
International Trade Practitioners: You will be able to Kickstart your Global Trade Operations whether Exports or Imports with a Strong Foundational Knowledge in Trade Finance and LC operations.
Don't Just Wait and Ponder Over. Enroll Now and Easily Learn Trade Finance Essentials
Join me in this important learning experience in this course on "Letter of Credit, Trade Finance, ISBP, UCP 600/500 Made Easy. And make it simple for you to be useful to international trade operations in the area of receiving or making international payments safely and smartly. Gain knowledge, enhance confidence, learn practical situations, ask questions, and send queries to me without hesitation. I will reply to all your querries in as short time as possible. Use the assignments and progress check quizzes to your advantage and strengthen your learning of the concepts step by step.
Are you ready to unlock the secrets of how international banks operate documentary credit and payment collection systems worldwide? Then just don't wait enroll with confidence.
Complimentary copy of the published book on the same topic
I am also offering my published book on the same topic as it is of this course where each chapter and topic nearly align with the sections and lectures of this course. You will be able to download the electronic copy of this book after the end of the second section of this course. This book is also available in both electronic and paperback formats on Kindle and Amazon.
#letterofcredit #export #import #business #trade #globaltrade #foreingtrade #internationalbanks #UCP #ISBP
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
Instructor
- 4.3 Instructor Rating
- 2,852 Reviews
- 154,773 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.