International Trade Services: Library of 9 Modules

 
  • Price: US$ 190.00
  • Publisher: KESDEE
  • Number of modules: 16
  • Length: 16 hours
  • Language: English
  • Subscription: 12 months
whats-included

Learn the Building Blocks of Trade Finance, including UCP600 and more

Are you involved in financing international trade?

You will learn the major rules and regulations governing letters of credit for international trade, and the steps a bank takes to finance trade.

There are two parts to this course: UCP 600 (7 modules) and International Trade Services (9 modules) covering all the nuts and bolts of international trade finance, including letters of credit, payment terms, draft collections, structuring trade loans and a detailed analysis of the Uniform Customs and Practice for Documentary Credits.

 

UCP 600: 7 Modules of one hour each

 

UCP600 An Overview

  • Why the UCP is being revised
  • Major Changes
  • Subtle Changes
  • Unresolved Issues

 

Part 1

  • Major rules and regulations governing letters of credit
  • Nature of publications of ICC
  • Meaning of UCP
  • History of the UCP
  • Revision of UCP 500
  • Contents of UCP

Part 2

  • Understand the applicability and functionality of article 1 through 9 in different situations
  • Define the terms and parties involved, for the purpose of UCP600
  • Interpret various terms as per UCP600
  • Identify the roles and responsibilities of various banks for credit

Part 3

  • Amendments relating to the letters of credit
  • Methodology used in teletransmitted and pre-advised credits and amendments
  • Roles and responsibilities of a nominated bank
  • Basic rules for reimbursements
  • Checking documents and the discrepancies related to particular documents
  • The circumstances in which letters of credit are honored

Part 4

  • Original documents and copies
  • Commercial invoice
  • Transport document covering at least two different modes of transport
  • Bill of Lading
  • Non-Negotiable Sea Waybill
  • Air transport document
  • Courier receipt, Post Receipt or Certificate of Posting
  • “On Deck,” “Shippers Load and Count,” “Said by Shipper to Contain,” and charges additional to freight
  • Clean transport document

Part 5

  • Marine insurance
  • Related common discrepancies
  • Insurance documents
  • Insurance documents and coverage
  • Discrepancies of other related documents
  • Steps to avoid discrepancies
  • Discrepant Documents, Waiver and Notice

Part 6

  • Extension of expiry date or last day for presentation
  • Tolerance in credit amount, quantity and unit prices
  • Partial drawings or shipments
  • Installment drawings or shipments
  • Hours of presentation
  • Disclaimer on effectiveness of documents
  • Disclaimer on transmission and translation
  • Force Majeure
  • Disclaimer for acts of an instructed party
  • Transferable credits
  • Assignment of proceeds


International Trade Services: 9 modules of one hour each.

1. Fundamentals of International Trade and Banking:

  • Money and its characteristics
  • Role of Federal Reserve Bank
  • Movement of money from seller to buyer
  • Origins of trade and trade regulations
  • Principals of international banking

2. Import Letters of Credit

  • Meaning of import letters of credit
  • The mechanism of import letters of credit
  • Procedure of payment and collection
  • Revolving letters of credit
  • Installment letters of credit

3. Export Letters of Credit

  • Export letters of credit
  • Mechanism of exports letters of credit
  • Letter of credit instructions
  • Importance of examining letters of credit
  • Ways to avoid discrepancies
  • Common discrepancies encountered by banks
  • Transfer under letters of credit
  • Assignment of proceeds under letters of credit

4. How Letters of Credit Work

  • Theories and principles on which letters of credit are based
  • Different types of letters of credit
  • Process of issuing a letter of credit
  • Uses of a letter of credit and its characteristics
  • Letters of credit in practical terms
  • Various rules that govern letters of credit

5. Monitoring Trade Loans

  • Credit management in banks
  • Funded and unfunded financing
  • Different risk sharing structures:
    • Syndication
    • Participation
    • Securitization
  • Differences between bullet loans, installment loans, and revolving loans
  • Various security measures
  • When loans go bad

6. Standby Letters of Credit:

  • Meaning of standby letters of credit
  • Working of standby letters of credit
  • Meaning of bid bonds
  • Concept of performance bonds
  • Advanced payment bonds
  • Credit line support
  • Evergreen letters of credit
  • Clean letters of credit

7. Structuring Trade Loans

  • How do companies finance international trade
  • The differences between:
    • Trade financing and regular lending
    • Trade financing and project financing
  • Different trade structures
  • Various tools used for financing international trade

8. Draft and Direct Collections

  • Definition: draft collection
  • How draft collections work
  • Contents of letter of instruction
  • Documentary sight drafts
  • Documentary time drafts
  • Avalized drafts
  • Choose between the different types of documentary drafts
  • Clean drafts
  • Borrowing against draft collections
  • How direct collections work

9. International Payment Terms

  • Life of a trade transaction
  • Risks involved in cross-border transactions
  • What exporters are looking for
  • What importers are looking for
  • Choosing credit/payment terms
  • How documentary collections work
  • Sight drafts & time drafts
  • How letters of credit work