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 

Session One: Risks Related to Foreign Trade Operations and the Role of Banks to Minimize such Risks 

In this session, participants will study all risks related to foreign trade operations and the role of banks to mitigate it.

 •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

 •Quiz

Module 2: The International Commercial Terms (INCOTERMS 2020)

 Session One: The International Commercial Terms (INCOTERMS 2020)

 In this session, participants will identify the Incoterms 2020 rules (International Commercial Terms) and will explain each of the 11 terms.

 •Introduction

 •The extra charges

 •The four groups of terms

 •Detailed explanation of each of the 11 terms

 •Practical exercises

 •Quiz 

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

Session One: Methods of Payment in Foreign Trade with a Full Study for Documentary Collection 

In this session, participants will study the methods of payment in foreign trade along with an extensive study of documentary collections process (publication 522) and the mechanism of transferring funds related to 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

 •Quiz 

Module 4 – Documentary Credit 

Session One: The Documentary Credit Process 

In this session, participants will learn the documentary credit process (publication 600). 

•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 

•Quiz

Session Two: The Documentary (Availability – Types) 

In this session, participants will learn the responsibilities of each party and means of documentary credit availability and also will the select the types of 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 

•Assignment

Module 5 – Shipping Documents and their Standard of Examination 

Session One: Shipping Documents and their Standard of Examination 

In this session, participants will recognize the different shipping documents and their standard of examination. 

•Commercial invoice 

•Transport documents

 •Insurance documents

 •Other documents

 •Standard of documents’ examination

 •Practical exercises

 •Case study

Assessment Strategy

•20 % Assignments between sessions

 •50 % Quizzes

 •30% Case study

 •60% Cut off score

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