Course Objectives

• This Course Objective Hasn't Been Provided Yet

Target Audience

This course targets trade finance staff, credit officers, importers and exporters

Module 1 – Risks Related to Foreign Trade Operations and the Role of Banks to Minimize such Risks

 •Introduction to foreign trade

 •Risks related to foreign trade

 •Role of the banks to minimize risks related to foreign trade

 •Contractual procedures and conducting the deal

 •Foreign trade contract (the pro-forma invoice)

 •Terms of shipment

Module 2: The International Commercial Terms (INCOTERMS 2020) •Introduction

 •The extra charges

 •The four groups of terms

 •Detailed explanation of each of the 11 terms

 •Practical exercises and workshop

Module 3 – Methods of Payment in Foreign Trade with a Full Study for Documentary Collection 

•Methods of payment in foreign trade: advance payment, open account, documentary collection and documentary credit 

•Definition of documentary collection according to publication 522 •Parties of collection 

•Types of collection 

•The collection instructions 

•The mechanism of transferring funds related to documentary collection

•Study of bill of exchange used in documentary collection 

•Practical exercises and workshop 

Module 4 – Documentary Credit 

•Cycle of documentary credit (theoretically and through SWIFT messages category 7) 

•The uniform customs and practice for documentary credit publication 600 

•Relation between the applicant and the issuing bank

 •Issuance of a documentary credit

 •Responsibilities of: issuing bank, advising bank, confirming bank and nominated bank

 •Availability of a documentary credit by: sight, acceptance, deferred, negotiation

 •Workshop to study a documentary credit application and issuance 

•Confirmation and Negotiation 

•Types of documentary credit

Module 5 – Shipping Documents and their Standard of Examination 

•Commercial invoice

 •Transport documents

 •Insurance documents

 •Other documents

 •Standard of documents’ examination

 •Practical exercises and workshop

This course hasn't been scheduled yet, however you can request for In-House training