By the end of this course, you will be able to
Recognize the concept of documentary credit, while understanding its characteristics and importance in international trade.
Understand the types of documentary credits, including their different forms, shipping documents, insurance documents, and certificates of origin.
Understand letters of guarantee and their types, in addition to their characteristics, dealing rules, work procedures, and corresponding letters of guarantee.
Recognize the different payment methods, methods of using bond credits in international trade, and the codes used within banks. Understand the controls and rules for working with export credits and import credits, with a focus on procedures and requirements.
Course details
- 4 h 21 m/25 lessons
- Last updated: 7/4/2024
- 5 learning resources
- Course completion certificate
Course Content
Course Introduction
Definition of Documentary Credit
Lifecycle of Documentary Credit
Course Introduction
Definition of Documentary Credit
Lifecycle of Documentary Credit
Characteristics of Documentary Credits and Payment Methods
Features of Documentary Credits in Terms of Reinforcement
Different Payment Methods
Types of Documentary Credits
Transferable Credits
Forms of Documentary Credits
Coverage of Letter of Credit Amount
Shipping Documents
Packing List/Weight List
Insurance Document
Certificate of Origin
General Guidelines for Export Letter of Credits
Import Letter of Credits
Letters of Guarantee
Division of Guarantee Letters
Characteristics of Guarantee Letter
Rules for Dealing With Guarantee Letters
Coverage of Guarantee Letters
Procedures for Guarantee Letters
Counter Guarantee Letters
Types of Guarantee Letters
Course Wrap Up
About this course
This course focuses on the crucial aspects of international trade payment tools, primarily "letters of credit" and "letters of guarantee". Understanding and utilizing these tools correctly are vital for import and export operations, fostering trust and mitigating financial risks. Topics covered include the concept, types, and characteristics of documentary credits, payment methods, bank codes, credit coverage, and documentation importance. Additionally, the course explores letters of guarantee, their types, division, characteristics, rules, and procedures for effective utilization. You will gain a deeper understanding of these financial instruments, empowering them to enhance business operations, minimize financial risks, and bolster trust with trading partners.
Course requirements and prerequisites
There are no requirements for this course. Your interest in the topic and your commitment to learning are all you need to achieve the utmost benefit from this course.
Mentor
Dr. Ibrahim Elbedawy
Faculty Member at the Arab Academy for Management, Banking and Financial Sciences
583 Learners
1 Course