Letter of Credit Certification in Saudi Arabia

The Letter of Credit Certification in Saudi Arabia shows one’s expertise in the entire process flow of the Letter of Credit and its various types. Our course dives deeper into the practical aspects and complexities of UCP 600. The International Chamber of Commerce published the UCP 600 to facilitate trade financing transactions. Our training helps students understand and implement the articles of UCP 600. This course is ideal for professionals who want to learn about international trade finance or the export-import sector.

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  • 16 Hours Training
  • Online / Classroom / Onsite
  • 27 Jul, 2024 / 27 Jul, 2024
  • Additional Program Dates
  • 100K+ Happy Students

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What is The Letter of Credit Certification in Saudi Arabia All About?

The Letter of Credit Certification in Saudi Arabia demonstrates one's competence in the export-import industry and all about UCP 600. Our course explores the critical parts of UCP 600. With plenty of real-world case studies, this course prepares participants to examine bills under a letter of credit.

Why is The Letter of Credit Certification in Saudi Arabia Important?

The Letter of Credit Certification in Saudi Arabia is a well-known credential in the international trade finance sector. This certificate allows a professional to stay relevant on changes in trade finance and Letters of Credit. Professionals with a Letter of Credit Certification can land high-paying jobs in the banking, transportation and insurance industries.

Why Do Companies Hire Professionals With Letter of Credit Certification in Saudi Arabia?

Companies look for candidates with Letter of Credit Certification in Saudi Arabia. Certified professionals regulate trades and mitigate risks associated with trading products and services. They can also incorporate UCP 600 for standardising global banking practices with a Letter of Credit. Their great credibility makes them valuable and firms pay them more.

Industry Trends

Many businesses now rely heavily on international trade. As a result, the demand for professional hands is increasing. Companies are recruiting certified candidates for effective international trade to succeed in such a competitive business. To address this demand, an increasing number of professionals are seeking a Letter of Credit Certification.

Market trends

Current trends such as sustainability, digitization, and a seamless supply chain have had an impact on the global trade sector. Companies are searching for people who are up to date on these trends to meet these demands.

Salary Trends

Companies are offering substantial wage packages to licensed professionals due to the increased demand for international trade. In Saudi Arabia, a Trade Finance Specialist gets an average monthly salary of 19,300 SAR. One might earn more with a Letter of Credit Certification in Saudi Arabia.

Demand & Opportunities

In international trade finance, companies are increasingly relying on skilled professionals who hold UPC 600 certification. The training for Letter of Credit Certification in Saudi Arabia gives an assurance of the necessary competency in related roles, thus making these opportunities easier to avail.

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 

Course Outcome

Successful completion of the Letter of Credit Certification in Saudi Arabia will help you in the following ways:

  • Gain a complete understanding of the international trade financing instruments
  • Understand the significance of international trade financing and documentary credit
  • Demonstrate the applicability and functionality of different articles of UCP 600
  • Describe the rules relating to the documentation process of functioning of letters of credit
  • Export or import business by receiving or sending international payments

Course Module

  • 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
  • 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
  • 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
  • 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
  • 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

Program Dates

27 Jul
  • 11:00 AM
  • Sat
  • Online Live
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Expert Instructors & Teaching Methods

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.

Our Trainer

Why Count on Learners Point?

Being the leading providers of the Letter of Credit Certification in Saudi Arabia, at Learners Point we help professionals master the necessary skill sets to complete the Letter of Credit UCP 600 certification.

Following are the USPs our Letter of Credit Certification course offers you:

  • We look at real-world scenarios organisations face and formulate our Letter of Credit training course evaluating practical requirements
  • Apart from theoretical knowledge, we also focus on practical case studies to give you a reality check and insight into what exactly will be asked of you while delivering in a demanding role
  • Our bespoke Letter of Credit course also equips you with hands-on experience by offering assignments related to the actual work environment
  • Apart from organising group sessions, we also offer a guided learning experience to enhance the quality of our UCP 600 certification training program
  • We also take a discrete approach to career guidance so that one can be successfully placed as a professional

Learners Experience

“The course is very well organised and full of updated information. My trade transactions have improved. I am also confident in my profession as well. Thanks to Learners Point.”

Fatemah Mousa

Trade Finance Specialist

“I loved the course and recommend it to all. The trainer and the other staff members are nice and friendly. The study materials and class were also helpful.”

Ibrahim Zain

International Trade Specialist

"My time at Learners Point was fantastic. I've improved my skills and gained an understanding of crucial commercial terms and regulations."

Nura Rahman

Foreign Trade Officer

“The course modules are very easy to learn. I loved the case studies as they helped me to apply my skills practically. The classes are very flexible. It is a value-for-money course.”

Saad Mansour

Credit Analyst

“This Letter of Credit Certification training was very interesting. As an Export Offer, I got to learn certain concepts and skills which I initially lacked. The trainer was also very good. Recommend it.”

Maha Alqahtani

Export Officer

Our Graduates

Our graduates are from big companies, small, companies, they are founders, career changers and life long learners. Join us and meet your tribe!

FAQs on Letter of Credit Certification in Saudi Arabia

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, not on the delivery of the goods (Article 5 UCP 600) in all types of LCs.

The training for Letter of Credit Certification in Saudi Arabia is delivered in Arabic and English.

A participant is eligible for a 100% refund, if he or she wishes to discontinue the training for  Letter of Credit Certification in Saudi Arabia. However, the refund is approved only if we get a written application within 2 days after registration. The refund is processed within 4 weeks from the date of withdrawal.

The Letter of Credit Certification in Saudi Arabia is ideal for professionals looking to gain knowledge about the 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

Learners Point Academy offers 3 types of classes for the  Letter of Credit Certification in Saudi Arabia. Students are given a choice between instructor-led classroom-based group coaching, one-on-one training sessions, or high-quality live and interactive online sessions. The training sessions are interactive, immersive, and intensive hands-on programs.

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