SBF - COURSES

Leading Across Cultures: Leadership, Management & Business Acumen (Dynamic E-Learning)

[INTRODUCTION]

Overview of Methods of Payment and Trade Facilities in international Trade

Trade Documents commonly used in International Trade - Bills of Exchange, Bills of Lading, Invoices, packing List, Insurance, Cert of origin etc

Trade terms commonly used in International Trade - FOB, CFR, CIF, FCA, CIP,CPT, EXW, FAS, DDP, DDU, DAF, DES, DEQ

Step by Step detailed flowcharts and Samples on how various types of Letter of Credit works

Cost Saving Areas in LC transactions which your bankers will never tell you

Why payments are often delayed in LC transactions and how to overcome this

Date of Issue, Shipment, Presentation; Date and Place of Expiry

Role and Liability of Banks and Rights of Recourse

Practical pointers when applying for a Letter of Credit (Importer)

How to prepare and check documents to avoid discrepancies

Discussion on Discrepancies - Why; How To Resolve

Practical pointers for Exporters when presenting documents under a Letter of Credit

Common LC Discrepancies checklist

Detailed checklists for Exporters and Importers

Concept of Confirmed LC and "Silent Confirmation LC"

Advantage & Risks of using "LC - TT/SWIFT Reimbursement Allowed" to both exporter & Importers

Application of UCP 600 in Letter of Credit.

Back to Back LC and Transferable LC

Practical exercises/case studies

This is an ICC Academy accredited course. 6 PDCs will be awarded at the completion of this programme. For more information on accreditation, please log on to http://icc.academy/

Trainer’s Information

Victor Tan, MBA (Strathclyde), ACIB, MInstAM, is a qualified Life Associate Member of The Chartered Institute of Bankers, London and has 15 years of banking experience covering the operational areas of International Trade Finance, Letters of Credit, Remittances, Guarantees, Import and Export departments. He has worked with various International Banks since 1977 starting with Standard Chartered Bank, Amsterdam-Rotterdam Bank, Bangkok Bank, Royal Trust Merchant Bank and lastly Barclays Bank.

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If you have further enquires or clarifications, please contact Nurulhuda@sbf.org.sg 6701 1132