‘A letter of credit is a written undertaking by a bank, on behalf of an importer (buyer), to pay a certain amount of money to an exporter (seller) within a specified period of time, provided that the exporter presents documents specified in the letter of credit, which strictly conform to the stipulations of the letter of credit, to a nominated bank by a certain date’
The UCP 600 (“Uniform Customs & Practice for Documentary Credits”) is the official publication which is issued by the International Chamber of Commerce (ICC). It is a set of 39 Articles on issuing and using Letters of Credit, which applies to 175 countries around the world, constituting some $1tn USD of trade per year.
Gain an understanding of the trade finance compliance requirements of letters of credit and the context within which they operate.
Our online course is held as a virtual training session but can be delivered in-house or offered at a designated location combined with a following project implementation support.
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