Letter of Credit Certification in Saudi Arabia
16 hours of extensive training
5 modules on the updated curriculum
Effective management of letters of credit
Simple payment plans with instalments
Personalised classroom & online learning opportunities
4.9/5
4588 Enrolled
Overview
What we will be covering
- Adherence with UCP-600 regulations
- Capable in international trade procedure
- Use discrepancy resolution strategies
- Handle letter of credit issuance
- Ability to guide intricate LC transactions
- Includes practical projects
- Reduce the hazards associated with LC documentation
Learning Objectives
At course completion, you will master
1
Understand the fundamentals of letters of credit and their role in international trade finance
2
Develop the ability to understand and apply UCP-600 requirements to transactions using letters of credit
3
Identify the parties involved in a letter of credit transaction and the process of issuing and amending letters of credit
4
Explore the different types of letters of credit, including sight LCs and usance LCs
5
Understand the essential paperwork needed for letter of credit transactions, including the bill of lading, packing list, and commercial invoice
Overall ratings by our students
Upcoming sessions
Our Trainer
Learners Point has a reputation for high-quality training that makes a difference in people's lives. We undertake a practical and innovative approach to working closely with businesses to improve their workforce. Our expertise is wide-ranging with ample support from our expert trainers who are globally recognized and hold a diverse set of experiences in their field of expertise. We are proud of our instructors who take ownership of our distinctive and comprehensive training methodologies, help our students imbibe those with ease, and accomplish gracefully.
We at Learners Point believe in encouraging our students to embark upon a journey of lifelong learning and self-development, with the aid of our comprehensive and distinctive courses tailored to current market trends. The manifestation of our career-oriented approach is what we assure through a pleasant professional enriched environment with cutting-edge technology, and an outstanding while highly acknowledged training staff that uses up-to-date methodologies and quality course material. With our aim to mold professionals to be future leaders, our industry expert trainers provide the best in town mentorship to our students while endowing them with the thirst for knowledge and inspiring them to strive for professional and human excellence.
KHDA Certificate
Earn a KHDA attested Course Certificate. The Knowledge and Human Development Authority (KHDA) is the educational quality assurance and regulatory authority of the Government of Dubai, United Arab Emirates.
Learners Point Certificate
Earn a Course Completion Certificate, an official Learners Point credential that confirms that you have successfully completed a course with us.
Related courses
Curriculum
- Understand the applicability and functionality of UCP 600
- Define the terms and parties involved, as defined for UCP600
- Interpret various terms as per UCP600
- Identify the roles and responsibilities of various parties to the Letter of Credit
- The amendments relating to the letters of credit
- The methodology used in teletransmission and pre-advised credits and amendments
- Checking of documents and the discrepancies related to a particular document
- The circumstances in which the letters of credit are honoured
- Original documents and copies
- Commercial invoice
- A transport document covering at least two different modes of transport
- Bill of Lading
- Non-negotiable sea waybill
- Air transport document
- Courier receipt, Post receipt, or Certificate of Posting
- “On Deck”, “Shippers Load and Count”, “Said by Shipper to Contain” and Charges additional to freight
- Marine insurance
- Common discrepancies related to insurance documents
- Insurance documents and coverage
- The discrepancies in other related documents
- Steps to avoid discrepancies
- Discrepant Documents, Waiver, and Notice
- Extension of the expiry date or last day for presentation
- Tolerance in credit amount, quantity, and unit prices
- Partial drawings or shipments
- Installment drawings or shipments
- Hours of presentation
- Force Majeure
- Transferable credits
- Assignment of proceeds
Learn now, pay later
Dive into your course now and pay in installments
Frequently asked questions
The Letter of Credit Certification in Saudi Arabia showcases one's expertise in the export-import business. Banks are solely concerned with the LC contract, not the sale contract (UCP 600, Article 4). The money is raised on the documents, and not on the delivery of the goods (Article 5 UCP 600) in all types of LCs.
Our training course is meant for professionals looking to gain knowledge about uniform customs and practices for documentary credits. It is ideal for the following professionals:
1) Bankers
2) Business Analysts/Consultants of trade finance
3) Students in international trade
4) Businessmen in the export-import domain
5) Professionals working in trading organisations
Our course curriculum includes:
1. Types of letters of credit
2. Documentation requirements
3. UCP 600 rules
4. Risk management
5. Compliance
6. International trade finance
There are no specific prerequisites for enrolling in our training course.
Some of the in-demand finance trade jobs available in the Saudi Arabia region are as follows:
1. Trade Finance Specialist
2. Business Analyst
3. Finance Business Partner
4. Foreign Trade Officer
5. Credit Analyst
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