Summary

Programme Objectives

To help the participants get an overview of the Letters of Credit (LC) Guidelines from an ICC perspective and give the participants an in-depth understanding on all the articles of UCP 600 with a practical insight and real-life cases.

Target Audience

• Professionals from corporates/banks handling LC transactions
• Executives and managers from corporates/banks looking to enrich their working knowledge on LCs
• Professionals looking to understand and avert discrepancies in their LC transactions
• Trade Finance professionals (Operations/ Compliance/ Risk/ Sales) in banks who have already worked on LC transactions

Course Structure

Duration: 2 days

DAY 1

Session 1

• The Genesis of an LC and it's true meaning
  
• Parties to LC
  
• Steps in LC issuance

Session 2

• Risks Involved in LC – Wrong LCs used
  
• Discrepancies – What are they?
• Assessment of LC limits & Liability of the Issuing Bank
  

Session 3

• Operational risks and processes – party wise
  
• Case studies on Letters of Credit

Session 4

• General provisions – Definitions, Liabilities, Documents
  

DAY 2

Session 5, 6 & 7

• General provisions – Definitions, Liabilities, Documents (Cont’d)
  
• Types of LCs
  
  • Transferable LC v/s Back to Back LC
    
  • Revolving LC
    
  • Red Clause LC
  • Standby LC

Session 8

• INCOTERMS 2020
• Role, Risk, Responsibility
• 2 ways of Categorisation of the 11 INCOTERMS
   

Trainer Profile

Having more than 20 years of experience working with public, private & foreign banks. He is an expert in the areas of International Business, Trade Finance, Credit, Foreign Exchange, Collections & non-functional Soft skills. During his corporate career he has handles various aspects of Banking like Retail Liabilities, Retail Assets, Branch Operations, Relationship Management, Trade Finance Sales, Trade Product Development, Trade Operations, Credit, Foreign Exchange, Collections & Recovery, etc. Over the years he has conducted several trainings in Trade Finance, AML, TBML, Import/Export finance, Credit Assessment & Retail Collections

Training dates - April 07-08, 2026

Training fees - ₹ 30,000 + applicable taxes