Understanding Letters of Credit

Understanding Letters of Credit


Date : 23 November 2020
Time : 02:00 pm - 05:30 pm
Venue : Webinar


OBJECTIVES

  • Basics of Trade –  covering:   
    - who are involved,                                                                                                    
    - when bills are due for payment, 
    - possible risks are involved                                                                              
    - terms of delivery.
  • Trade documents that are commonly required.
  • Features and uses of LCs and the applicable ICC Rules.
  • How to ‘open’ an LC.

 

 

WHO SHOULD ATTEND

This course is designed for the Entrepreneurs; Managers; Account Executives; Import / Export and Sales & Marketing personnel who require knowledge of the operations of the various types of Letters of Credit (LC).

 

 

METHODOLOGY

Remote online learning – virtual classroom

Appendices related to LCs and ICC Rules are included.

 

 

PRE-REQUISITE

  • Good Internet / wifi connectivity
  • Laptop / smartphone
  • Headset with mic
MODULE CONTENT
Module 1: Basics of Trade
  • Who are involved in trade?
  • When are bills payable?
  • What are the possible risks involved in the transaction/s?
  • What are the terms of delivery of the goods?
Module 2:

Trade documents that are commonly required

  • Basic trade documents.
  • ICC Rules governing the various trade documents.
  • Non-LC trade transactions where docs are not checked by Banks.
  • ICC Rules governing non-LC trade.
Module 3: Features and uses of LCs and the applicable ICC Rules
  • Features and trade cycles of LCs.
  • Values of LCs to Traders.
  • How to read a ‘SWIFT’ LC.
Module 4: How to ‘open’ an LC
  • Exercise on LC opening.
  • Course review and
  • Q and A

Noel Vong


Noel Vong is our Senior Trainer and Senior Management Consultant. He has 40 years of banking experience with over 20 years in International Trade Finance. His experience in International Trade and

 

Trade Finance includes the setting up of the Trade Bill Centers, customising Trade Finance manuals, developing Islamic Banking Trade Bill Products, centralizing trade processing activities, supervising marine and export-import operations, training staff and conducting Trade Seminars for public and bank customers.

 

He is a retired Manager of a local & a foreign bank and has worked in all major towns in Malaysia. He has also worked in Banks in The Philippines, Cambodia, Hong Kong and Vietnam.

 

Noel is an accomplished trainer cum consultant. Over the past 20 years, he has conducted many in-house and public Trade Finance courses in Malaysia and the Asean Region. For Islamic banking, he has rendered his expertise in developing and drafting Islamic Trade Finance products for commercial banks.



Price

RM 470.00

32

2 Day/s

Webinar

HRDF SBL Claimable

CPD Points & Certificate of Attendance Will be Provided