D10 - Letters of Credit (L/C) for Beneficiaries

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This presentation/workshop deals with various aspects of international bank payments and specifically the operation of the Documentary Credit (the L/C) – for the beneficiary.

The day is a consideration of how the credit works, and to determine at what point and under what conditions specific wording needs to be incorporated into the credit and for what purpose.

The ideal candidate will be a delegate who works in finance or operations, but who needs to interpret the credit as the beneficiary, without necessarily having a banking background.

Credits are by their very nature and definition are specific, individualized instruments and the workshop cannot cover every eventuality, however the core requirements of compliance and basic non-compliance issues are covered. The course is designed to serve as a platform for further study.

Your investment includes an electronic copy of the presentation material, plus imported copies of the official text of the Uniform Customs & Practices for Documentary Credits (the UCP 600) and the International Standard Banking Practice (ISBP E745). These are the official rules for the operation and interpretation of Documentary Credits, produced and published by the International Chamber of Commerce in Paris.


This course is only available as an in-house event;

email phill@freighttraining.co.za to enquire further.