Letter of Credit-Bank procedures for Exporters and Importers

Bank process involved in LC. (For LC Doc Preparation at Low cost, visit our website "astanservices")

Created by: Senthilkumar Lakshmanan
Trade Finance Consultant and Banking Trainer

What Will I Learn?

• Detailed explanation on the Bank procedures followed in Letter of Credit (LC).
• Exporters and Importers who are new to International Trade and LC; will get an overall LC knowledge and experience.
• Exporters and Importers can decide whether to choose the LC or other Payment methods.
• Discrepancies, LC fees, SWIFT message types used in LC are included to understand the Bank procedures.
• Unlock the confidence to explore new markets with the LC protection from Banks
• (For LC Doc Preparation at Low cost, visit our website "astanservices")

Requirements

• Open to all course who are in International trade. Exporters or Importers who are new to International trade and who explores a secured payment method can know more about the best payment method called as LC. Bankers who handle different sections can know the end to end cycle about LC and can choose a career in LC.

Target audience

• You get clarity on the Bank procedures followed in LC.
• You understand more about LC and why it is so secured.
• You will understand the basic discrepancies and the avergae fees involved in LC Cycle.
• You will get a clarity on the ICC publications which guides the LC. Introduction to INCO terms 2020 involved.