Course Name
Documentary Credit and Application of UCP 600
Introduction
This course consists of 12 hours of online instructions and training in documentary credits and UCP 600. Its aim is to provide a firm foundation in the operation of documentary credits and the application of the UCP 600 rules.
Course Objectives:
• To understand the operation of documentary credits,
be familiar with the terms and conditions of documentary credits and
understand the roles of the parties involved.
• To be familiar with the documents that are presented under documentary
credits and understand the provisions of UCP that governs the data that
can appear in the documents.
• To be able to apply for a documentary credit, the presentation
of documents, settlement of a credit and checking of documents for compliance.
Topics Covered:
DC ESSENTIALS
It provides an overview of the operation of international trade and
examines the operation of documentary credits in detail. On completing
this module, you should understand the operation of documentary credits,
be familiar with the terms and conditions of documentary credits and
understand the roles of the parties involved.
Content
• Introduction - This lesson outlines
the different methods of settlement available in international trade,
examines the function of documentary credits and introduces the rules
and standards that govern their operation.
• DC Cycle Overview - This lesson
provides a step-by-step overview of the operation of documentary credits
indicating how the parties involved interact with one another within
the DC cycle
• Issuing a DC - This lesson examines
the process involved in issuing a documentary credit; from initial purchase
order and completion of the DC application, to internal review by issuing
bank, and issuance of the documentary credit.
• Advising bank handling of DC -
This lesson outlines the role and responsibilities of an advising bank
and examines the terms and conditions of the credit an advising bank
should review if carrying out a workability review.
• Beneficiary review of DC and presentation
- This lesson examines the issues that the beneficiary should
consider in order to ensure correct performance under a documentary
credit.
• Nominated bank handling of documents -
This lesson examines the role of the nominated bank and how settlement
may be made under credits made available with the nominated bank by
sight payment, deferred payment, acceptance and negotiation.
• Issuing Bank undertaking - This
lesson examines the issuing bank’s undertaking under a documentary
credit and outlines the actions the bank takes in case of complying
and non-complying presentations.
DOCUMENTS
It examines the provisions of UCP 600 that relate to the documents that may be required under a documentary credit.
Content
• Standard for examination of documents
- This lesson examines the presentation of documents required under
documentary credits and highlights the provisions of UCP that are common
to all presentations.
• Commercial Invoice - This lesson
outlines the function of a commercial invoice and examines the provisions
of UCP that relate to commercial invoices when part of a presentation
under a documentary credit.
• Bill of Lading - This lesson outlines
the function of a bill of lading and examines the provisions of UCP
that relate to bills of lading when part of a presentation under a documentary
credit.
• Non-negotiable sea waybill - This
lesson outlines the function of a non-negotiable sea waybill and examines
the provisions of UCP that relate to sea waybills when part of a presentation
under a documentary credit.
• Charter party bill of lading -
This lesson outlines the function of a charter party bill of lading
and examines the provisions of UCP that relate to charter party bills
of lading when part of a presentation under a documentary credit.
• Combined transport document - This
lesson outlines the function of a combined transport document and examines
the provisions of UCP that relate to combined transport documents when
part of a presentation under a documentary credit
• Air transport document - T his
lesson outlines the function of an air transport document and examines
the provisions of UCP that relate to air transport documents when part
of a presentation under a documentary credit.
• Road, rail and inland waterway
- This lesson outlines the function of road, rail and inland waterway
transport documents and examines the provisions of UCP that relate to
them when part of a presentation under a documentary credit.
• Courier and post receipts - This
lesson outlines the function of courier and post receipts and examines
the provisions of UCP that relate to them when part of a presentation
under a documentary credit.
• General provisions for transport document
- This lesson examines the provisions of UCP 600 that are common
to all transport documents presented under documentary credits.
• Insurance documents - This lesson
outlines the function of insurance documents and examines the provisions
of UCP that relate to them when part of a presentation under a documentary
credit.
Case Studies
The case studies module consists of 5 interactive case studies. These
case studies cover key aspects of documentary credit work including
applying for a documentary credit, the presentation of documents, settlement
of a credit and checking of documents for compliance.
Content
• Completion of DC application -
In this case study you work with an importing company and are applying
for the issuance of a documentary credit.
• Beneficiary review of DC - In this
case study you work with an exporting company that must present documents
under a documentary credit.
• Document checking 1 - In this case
study you work in a nominated bank and must check documents presented
under a documentary credit.
• Document checking 2 - In this case
study you work in a confirming bank and must check documents presented
under a documentary credit.
• Document checking 3 - In this case
study you work in an issuing bank and must check documents presented
under a documentary credit.
Assessment
The 'Assessment' tests if you understand the operation of documentary
credits and can correctly apply the provisions of UCP 600.
You will be presented with a series of multiple choice questions randomly
selected from a database of questions.
On completion of the assessment we will forward you an ICC Certificate of Achievement indicating the score that you achieve.
We record your first 3 attempts of the assessment. Your Certificate will indicate the highest score that you achieve in these first 3 attempts.
Course fees: Rs 25,000
Duration: 12 Hrs
CONTACT for timetable
Section Links:
- Certificate in Customs Clearance
- Certificate in Shipping & Freight Forwarding
- Documentary Credit and Application of UCP 600
- Import & Export Procedures
- Trade Documentation & Finance
- Import and Export for Entrepreneurs
- Excellence in Warehouse Management
- Excellence in Purchasing
- Excellence in Strategic Procurement
- Excellence
in Supply Chain Logistics Management