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Documentary Letters of Credit


This program is designed for practitioners involved in back office operations in the International divisions of banks. The course deals extensively with the structure and interpretation of the Uniform Customs and Practices for Documentary Credits and Uniform Rules for Collections as published by the International Chamber of Commerce from time to time.


Content Highlights

• Documentary Collections and its operation
• Common Types and Forms of Letters of Credit
• Settlement of Letters of Credit
• Notification of credits
• Liabilities and responsibilities of parties
• Documentation Supporting International Trade Transactions
• Transferable credits
• Expiry date or presentation period
• Rights and duties of the parties
• Protection Offered by Letters of Credit
• UCP 600 in detail


Upon completion of this course, participants will be familiar with the following:

• Documents used in the Collection process
• Documents against Payment and Documents against Acceptance
• Commercial vs. Standby Letter of Credit
• Standby Letter of Credit and Counter Standby Guarantees
• Parties to a Letter of Credit
• Revocable vs. Irrevocable Letters of Credit
• Confirmed Letters of Credit
• Transferable Letters of Credit
• Back-to-Back Letters of Credit
• Advance Payment (Red Clause) Letters of Credit
• Revolving Letters of Credit
• Limitations of Letters of Credit
• Examination of documents presented under Letter of Credit transactions
• Common Letter of Credit Discrepancies
• Amendments to a Letter of Credit
• The Rules Governing Letters of Credit
• Fraudulent Documents and Fraudulent Issuance

Course Facts

5 days; 30 hours



“We are immensely pleased to be associated with ‘SKILLS’. Their
courses have been of the highest quality covering the subjects’
matters and dealing with practical approaches covering related
jobs functions areas which most of our clients’ delegates
would be applying in their work environment. SKILLS trainers
are professional, knowledgeable, personable and enthusiastic
and demonstrated the ability to meet the expectation of
the delegates.“

Hussain Ismail
Head of Product Development
Qatar Finance and Business Academy- QFBA, Qatar


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