Workshop Programme in Detail
Topics covered include:
Why we use them?
What can go wrong, How to prevent errors, A review of payment risk and the Payment Risk Ladder, methods of payment including where letters of credit feature in the risk ladder.
Types of Letters of Credit, The parties involved and their roles and responsibilities, The role of the Issuing, Paying and Confirming Banks
An introduction to the rule book – UCP 600, Overview International Standard banking practice book (ISBP), The Banks doctrine of strict compliance, How to prepare documentation, Check lists, Practical exercises relating to UCP 600 and preparing Documents.
Course Outcome
To have a clearer understanding of rules and regulations around Letters of Credit, and to gain confidence and experience preparing documentation.