Letter of Credit Training (UCP 600)

The UCP 600 is the official publication issued by the International Chamber of Commerce to standardize a set of rules to benefit during trade finance transactions. This Letter of Credit training explains the entire process flow of the Letter of Credit and its various types. Through this UCP 600 certification, participants will be familiarized with the practical aspects of UCP 600 and how to easily remember and implement the articles of UCP 600.

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  • 5 weeks | 40 hours Bootcamp
  • Online / Offline / Blended
  • 27 May, 2022 / 4 Jun, 2022
  • Additional Program Dates
  • 100K+ Happy Students

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What is this UCP 600 Letter of Credit course all about?

This Letter of Credit training course in Dubai is designed to provide professionals with a holistic understanding of the entire process flow of the Letter of Credit and the practical aspects of UCP 600. This Letter of Credit training provides a comprehensive understanding to the professionals to easily remember and implement the articles of UCP 600. With ample real-time case studies and practices, this Letter of Credit course trains participants to scrutinize bills under the letter of credit for negotiation/ purchase/ discounting during international finance trades. This Letter of Credit training course is highly beneficial for professionals to get familiarized in international trade finance or an export-import business.

What is this UCP 600 Letter of Credit course all about?

This Letter of Credit training course in Dubai is designed to provide professionals with a holistic understanding of the entire process flow of the Letter of Credit and the practical aspects of UCP 600. This Letter of Credit training provid...

Read More

Why is getting trained on UCP 600 Letter of Credit important?

UCP 600 certification is one of the pillars in international trade finance, raising the popularity of Letter of Credit & UCP 600 training worldwide. This Letter of Credit training enables professionals to stay up-to-date with the latest changes in Letter of Credit and trade finance practices. By completing the Letter of Credit training course, professionals can demonstrate their expertise in global trade finance transactions and secure high-paying and demanding job positions in the banking, transport, and insurance industries.

Why is getting trained on UCP 600 Letter of Credit important?

UCP 600 certification is one of the pillars in international trade finance, raising the popularity of Letter of Credit & UCP 600 training worldwide. This Letter of Credit training enables professionals to stay up-to-date with the ...

Read More

Why do companies hire professionals with UCP 600 Letter of Credit certification?

The Letters of Credit course equips professionals with the most common methods of payment for goods in international trade. As international trade is an inevitable factor for companies across the globe, the need for expert hands is rising and the value of the Letter of Credit course is increasing. Companies hire professionals, who have completed the Letter of Credit training, to standardize international trade, reduce the risks of trading goods and services, and govern trade. This Letter of Credit training provides professionals the credibility to expressly incorporate UCP 600 for standardizing international banking practice with LCs.

Why do companies hire professionals with UCP 600 Letter of Credit certification?

The Letters of Credit course equips professionals with the most common methods of payment for goods in international trade. As international trade is an inevitable factor for companies across the globe, the need for...

Read More

Industry Trends

In this 21st century, as trade between nations rapidly increases, UCP remains an essential component in international trade. The Letter of Credit UCP 600 certification comes with its own set of merits and opportunities in the market. Let us see how.

Market trends Market trends

Across the globe, trade is generally regarded as a source of growth, development, and jobs. With exports and imports increasing income, the international trade market is rising with the potential to improve the global labor market. With multiple benefits, the Letter of Credit training ensures professionals a promising career in the international finance trade domain.

Salary Trend Salary Trends

The Letter of Credit training provides a comprehensive understanding of the international finance trade and offers professionals a lucrative career path, with ample and structured opportunities. Professionals successfully completing the Letter of Credit training course gain the expertise required in international finance trades and are highly compensated by companies across the globe. According to the data from glassdoor.com, Trade Finance Specialists in Dubai, United Arab Emirates earn around AED 11,743 per month.

Demand & Opportunities

The scope of UPC 600 certification is significantly increasing as more and more companies are relying on skilled professionals for international trade finance. The Letter of Credit training gives an assurance of the necessary competency in related roles, thus making these opportunities easier to avail. 

Few of the most-sought finance trade jobs available in the Dubai region (as observed in popular Dubai job portals) follow:

  1. Trade Finance Specialists develop and implement effective trade finance programs through the processing of all letters of credit
  2. Business Analysts create a detailed business analysis, outlining problems, opportunities, and solutions for a business 
  3. Finance Business Partners are trusted advisers to the board of directors who provide real-time support and analysis for decision making
  4. Foreign Trade Officers steer and execute the company's commercial activities in the desired areas of the company’s foreign trade
  5. Credit Analysts analyze investments and borrowers' creditworthiness to determine their potential risk for investors and lenders

Course Outcome

Successful completion of the Letter of Credit training will help you to:

  • 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 the purpose of UCP600
  • Interpret various terms as per UCP600
  • Identify the roles and responsibilities of various parties to 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 honored
  • Marine insurance
  • Common discrepancies related to insurance documents
  • Insurance document and coverage
  • The discrepancies of other related documents
  • Steps to avoid discrepancies
  • Discrepant Documents, Waiver, and Notice

Course Module

  • Understand the applicability and functionality of UCP 600
  • Define the terms and parties involved, as defined for the purpose of UCP600
  • Interpret various terms as per UCP600
  • Identify the roles and responsibilities of various parties to 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 honored
  • 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 document and coverage
  • The discrepancies of 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

Program Dates

27 May
  • 11:00 AM
  • Fri
  • Classroom
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4 Jun
  • 11:00 AM
  • Sat
  • Classroom
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Expert Instructors & Teaching Methods

 

 

We, at Learners Point, take immense pride in our teaching methods and instructors. Our instructors are some of the best experts from their fields and employ a practical approach to learning. Many of them are globally recognised and have a diverse set of experience in their field of expertise. You are always sure to have the best in the industry as your teachers who are ready to guide you at every step and make the experience informative yet enjoyable.  Apart from the focus on learning your chosen course, our instructors also encourage students to develop communication skills and interpersonal skills necessary to excel in the practical world.

Our cutting edge teaching methods make every program an immersive and productive experience for the learners. Our learning methods are research-driven and are continuously updated to stay relevant to present times as well as the future. You will enjoy practical applications of everything learned through theory and regular mock examinations to help monitor your progress. Our courses are led by an instructor in a classroom setup and we do offer online high-quality sessions as well for individuals. We also monitor the training sessions with a progress tracker to maintain high standards of instruction & ethics.

Our Trainer

Why Count on Learners Point?

Being the leading providers of the Letter of Credit training course in Dubai, at Learners Point we help professionals master the necessary skill sets to successfully complete the Letter of Credit UCP 600 certification.

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

  • We look at real-world scenarios organizations 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 organizing 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

"Excellent UCP 600 classes in Dubai. The trainer was amazing, very kind, and knowledge sharing. Providing the very latest robust infrastructure in classes the overall learning experience was great. Thank you Learners Point for this wonderful training program."

"Excellent UCP 600 classes in Dubai. The trainer was amazing, very kind, and knowledge sharing. Providing the very late [...]

Veerender Singh

Student

"Amazing experience with a well-versed and experienced trainer who answered all the questions and gave an extra commitment to acquiring and providing additional examples and study materials. Had excellent tempo of the sessions, providing very useful instructions on rules and regulations of the documentary credit. I am happy that I attended the UCP 600 training with Learners Point. I would recommend Learners Point to anyone interested in this program."

"Amazing experience with a well-versed and experienced trainer who answered all the questions and gave an extra commit [...]

Fiore Creado

Student

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!

Frequently Asked Questions

International Trade Finance is a huge vertical in its own right and offers good career growth prospects. Large international companies have trade teams to help them with exports and imports. Hence, the Letter of Credit course is popular among professionals as it assures generous salary increments and hefty bonuses. Trade finance is an appealing career route with several professional benefits and advancement options.
Letter of Credit is one of the pillars in international trade finance. This Letter of Credit training enables you to stay relevant in today’s world by providing knowledge of the latest changes in letter of credit and trade finance practices. The Letter of Credit training enhances your knowledge of UCP 600 articles and demonstrates your expertise in global trade finance transactions, and secure high-paying and demanding job positions.
The Letter of Credit training in Dubai is ideal for professionals looking to gain knowledge about the uniform customs and practice for documentary credits. It is ideal for:

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 organizations
The training at Learners Point is interactive, immersive, and intensive hands-on programs. We offer 3 modes of delivery and participants can choose from instructor-led classroom-based group coaching, one-to-one training session, or high-quality live and interactive online sessions as per convenience.
Today, Dubai’s economical advancements are growing at record rates leading to increased trades. Due to its emerging market, Dubai is becoming home to aspiring professionals from around the world. As the job market is ripe, the demand for professionals trained in the Letter of Credit course is high and is bound to continue at an impressive rate. The UCP 600 certification can bring better career prospects, numerous opportunities, and generous salary increments for professionals.
This Letter of Credit course in Dubai offers a holistic understanding of the entire process flow of a Letter of Credit and the practical aspects of UCP 600. This comprehensive Letter of Credit training enables you to easily remember and implement the articles of UCP 600. This Letter of Credit training course familiarizes you with international trade finance and export-import business.
No previous knowledge or experience is necessary for enrolling in this Letter of Credit course. Anyone wanting to understand the applicability and functionality of UCP 600 can join.
At Learners Point, if a participant doesn’t wish to proceed with the training after the registration due to any reason, he or she is entitled to a 100% refund. However, the refund will be issued only if we are notified in writing within 2 days from the date of registration. The refund will be processed within 4 weeks from the day of exit.

Frequently Asked Questions

International Trade Finance is a huge vertical in its own right and offers good career growth prospects. Large international companies have trade teams to help them with exports and imports. Hence, the Letter of Credit course is popular among professionals as it assures generous salary increments and hefty bonuses. Trade finance is an appealing career route with several professional benefits and advancement options.
Today, Dubai’s economical advancements are growing at record rates leading to increased trades. Due to its emerging market, Dubai is becoming home to aspiring professionals from around the world. As the job market is ripe, the demand for professionals trained in the Letter of Credit course is high and is bound to continue at an impressive rate. The UCP 600 certification can bring better career prospects, numerous opportunities, and generous salary increments for professionals.
Letter of Credit is one of the pillars in international trade finance. This Letter of Credit training enables you to stay relevant in today’s world by providing knowledge of the latest changes in letter of credit and trade finance practices. The Letter of Credit training enhances your knowledge of UCP 600 articles and demonstrates your expertise in global trade finance transactions, and secure high-paying and demanding job positions.
This Letter of Credit course in Dubai offers a holistic understanding of the entire process flow of a Letter of Credit and the practical aspects of UCP 600. This comprehensive Letter of Credit training enables you to easily remember and implement the articles of UCP 600. This Letter of Credit training course familiarizes you with international trade finance and export-import business.
The Letter of Credit training in Dubai is ideal for professionals looking to gain knowledge about the uniform customs and practice for documentary credits. It is ideal for:

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 organizations
No previous knowledge or experience is necessary for enrolling in this Letter of Credit course. Anyone wanting to understand the applicability and functionality of UCP 600 can join.
The training at Learners Point is interactive, immersive, and intensive hands-on programs. We offer 3 modes of delivery and participants can choose from instructor-led classroom-based group coaching, one-to-one training session, or high-quality live and interactive online sessions as per convenience.
At Learners Point, if a participant doesn’t wish to proceed with the training after the registration due to any reason, he or she is entitled to a 100% refund. However, the refund will be issued only if we are notified in writing within 2 days from the date of registration. The refund will be processed within 4 weeks from the day of exit.
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