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The Essentials of Letters of Credit


(Conducted in English)
Programme Details

Upcoming Classes 
Total Training Hours: 14

Date: 5 & 6 Nov 2020
Time: 9.30am to 5.30pm

Letter of Credit serve as effective, inexpensive assurance of payment to vendors before the goods get shipped out to their buyers. Learn about the basics of utilising this document in order to facilitate your company’s various logistical processes.

Course Content / Structure
• Overview of Letter of Credit (L/C) 
• Role of Banks in L/C
• Letters of Credit
  - How They Work; 
  - Types of L/C; 
  - The Technical Variations. 
• Opening a L/C
  - Essential Requirements by Banks;
  - Key Terms and Conditions.
• Reviewing Export L/C and Documents Presented under an Export L/C
• Avoiding & Resolving Discrepancies under an Export L/C
• Understanding Shipping Terms in Relation to L/C
• Uniform Customs & Practice for Documentary Credits (UCP 600)

Assessment and Certificate
Participants who fulfill at least 75% attendance for the whole course will be awarded Certificate of Attendance. There is no assessment for this course.

This course is suitable for personnel involve in logistics operations, credit management, purchasing and trade documentation etc, and have little or no knowledge of L/C.

Full Course Fee
Full Course Fee with 7% GST 

Non-members who are keen to sign up for this course will need to pay a non-refundable $53.50 (inc. GST) membership fee.

SDF Training Grant* is available for Singapore Citizens / PRs sponsored 
by local associations and SMEs. 

Course fee can be made using SkillsFuture Credit.

Contact Us
Tel: 6334 1080

111 North Bridge Road
Peninsula Plaza
Singapore 179098

Download Enrolment form

*SCCIOB reserves the right to cancel or postpone the course, change the trainer and venue due to unforeseen circumstance

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