Letter of Credit Made Easy
Letter of Credit Made Easy
A comprehensive e-learning course aimed to provide a solid foundation in the knowledge and application of Letter of Credit rules backed by real market case studies and scenarios.
Objectives:
By the end of this course, you will be able to
- understand what a letter of credit (LC) is and its purpose
- understand the dynamics and terminology of an LC and the role of each party involved
- describe the process of issuing of an LC
- identify and select the LC that is best suited for your shipment
- understand the rules of issuance and uses of an LC
- determine the risks involved with an LC and how to mitigate them; and
- understand the best practices while using an LC
Contents:
- Introduction to LC
- LC Explained
- LC Procedure
- Types of LC
- Rules of Issuance & Use of an LC
- Dos & Don’ts – Best Practices
- Case Study
- Assessment
Course Details:
- Individual e-learning course
- Recap quiz to test your understanding after each section
- Duration: 3 hours
- Language: English
- Certificate of Completion will be awarded
- CPD Hours: 3
Who is this course suitable for?
This course benefits everyone involved in international transactions that are being paid through a letter of credit, this includes exporter sales, finance, operation, logistics, freight forwarders and global buyers.
Contact
If you are interested in our group discount, please send us an e-mail with the number of participants interested in this course.
The comprehensive e-learning course is endorsed by the Chartered Institute of Logistics and Transport. Click here to find the certificate.