A course specially designed to provide participants with the
knowledge and skills to examine and understand the terms
and conditions in LCs, as well as to avoid resolve discrepancies when handling documentary credits.

1st Day - Course Benefits

• the key terms and conditions in a typical LC
• technicalities of different types of LCs
• to handle discrepancies in documents
• the relevance of UCP600 / ISBP to LCs
• to minimize the risks in processing trade documents

Special Letters of Credit is a practical course that explains the
processing of special types of credits, highlighting their
uses, operations and inherent risks. It will benefit entry-level or junior staff in import and export financing, documentary bills or credit & marketing.

2nd Day – Course Benefits

• Step-by-step explanation of special credits
  • Red Clause credit, Green Clause credit
  • Revolving credit, Transferable credit
  • Back-to-back credit, Counter credit
  • Standby Credit.
• Risks in LC transactions
  • Transit Risk, Country Risk
  • Bank Risk, Exchange Risk
    
• How to reduce risk under documentary credits
• Minimizing frauds in documentary credits
• Bank’s security under LCs