LC Welcome to the our LC course detail page


Letter of Credit (LC) Training


Course Contents:


Training program will cover the following areas:


  • The dynamics of Foreign Trade
  • Need & Importance of LC
  • Types of LCs
  • Risk Attached to Various Types of LCs
  • Parties to LC
  • Issuing & Advising Bank
  • Importance of Underlying Contract

  • Sight LC
  • Deferred Payment / UsanceLcs
  • Risk &Risponsibilities of Parties to LC
  • Risk of Issuing Bank in Various Types of LCs
  • Documents required under LC
  • Adding Confirmation to LC
  • Role, Risk & Responsibilities of Confirming Bank

  • Certificate of Origin
  • Shipping Document – Bill of Lading
  • Commercial Invoices
  • Packing List
  • insurance Policies & Certificate
  • Certificates from Chamber of Commerce
  • Attestations & Notarization
  • Common Mistakes in Export Documentation

  • What are INCOTERMS
  • Rights & Responsibilities of Parties Under Various INCOTERMS
  • INCOTERMS for Multimodel Transportation
  • Maritime INCOTERMS FAS, FOB, CFR, CIF
  • Any mode INCOTERMS EXW, FCA, CPT, CIP, DAP, DAT. DDP
  • Risk Associated with Various INCOTERMS

  • What is UCP 600
  • Difference Between UCP 600 and UCP 500
  • General Provision & Definitions Article 1 – 5
  • Liabilities & Responsibilities 6 -13
  • Examination of Documentation 14 – 17
  • Documents 18-28
  • Miscellaneous Provisions 29 – 33
  • Disclaimers 34 – 37
  • Transferable Credit & Assignment 34 – 39

  • Uniform Rules for Bank to Bank Reimbursement (URR 725)
  • Uniform Rules for Collection (URC 522)
  • International Standby Practices (ISP 98)
  • International Standard Banking Practices (ISBP)

Course Details:


  • 24 Hour active class room training
  • Case Studies
  • 1 quiz
  • Mock Assessment

Student on successful completion of the course will be awarded Certificate of Attendance.

Scroll to Top