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Essentials of Letters of Credit

Letters 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.

Module Content

  • 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)

Target Participants:

Suitable for personnel involve in logistics operations, credit management, purchasing and trade documentation etc, and have little or no knowledge of Letters of Credit.

Medium of Instruction:

English

Assessment and Certification

Participants who fulfill at least 75% attendance for the whole course will be awarded the Certificate of Attendance.

Course Schedule

Upcoming Dates:

12nd & 13rd April 2021

Time:

9.30am to 5.30pm

Training Format:

Delivered via synchronous e-learning

Upcoming Dates:

6th & 7th May 2021

Time:

9.30am to 5.30pm

Training Format:

Delivered via synchronous e-learning

Course Fees

Full Course Fees (incl. 7% GST) $374.50
Membership Fee (incl. 7% GST, non-refundable) $53.50
SDF Training Grant is available for Singapore Citizens / PRs sponsored by local associations and SMEs. Terms & Conditions apply.

Course fees can be offset using your SkillsFuture Credit.

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