a twin-suite of financial e-Learning course libraries

UCP 600 & International Trade Services

5280 Carroll Canyon Road; Suite 220, San Diego; CA 92121, U.S.A Tel: 858-558-8118, 858-558-8228 Fax: 858-558-8448

E-mail: www.kesdee.comWebsite: info@kesdee.com

Overview

Course Level

Basic to Intermediate Instructional Method

Dynamic, Interactive e-learning

For more information, please visit: www.wtcsd.org

Duration of each course- 1.0 Hour

Library of 7 Courses

This course library discusses major rules and regulations governing letters of credit. This takes through different articles set in UCP 600 with respect to their applicability and functionality in different situations. The course also discusses the rules relating to the documentation process of functioning of letters of credit.

2. Part 1

Major rules and regulations governing letters of creditNature of publications of ICCMeaning of UCPHistory of the UCP Revision of UCP 500Contents of UCP

3. Part 2

Understand the applicability and functionality of article 1 through 9 in different situationsDefine the terms and parties involved, as defined for the purpose of UCP600Interpret various terms as per UCP600Identify the roles and responsibilities of various banks for credit

Why the UCP is being revised ?Major Changes Subtle Changes Unresolved Issues

1. UCP600 An Overview

UCP600

Audio Clips:

The course library is interspersed with audio clips containing voice over by the author giving additional insights and information about important concepts.

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Library of 7 Courses

5. Part 4

Original documents and copiesCommercial invoiceTransport document covering at least two different modes of transportBill of LadingNon-negotiable sea waybillAir transport documentCourier receipt, Post receipt or Certificate of Posting“On Deck,” “Shippers Load and Count,” “Said by Shipper to Contain,” and Charges additional to freightClean transport document

6. Part 5

4. Part 3

The amendments relating to the letters of creditThe methodology used in teletransmitted and pre-advised credits and amendmentsThe roles and responsibilities of nominated bankThe basic rules for reimbursements Checking of documents and the discrepancies related to particular documentThe circumstances in which the letters of credit are honored

Marine insuranceCommon discrepancies related to insurance documentsInsurance document and coverageThe discrepancies of other related documentsSteps to avoid discrepanciesDiscrepant Documents, Waiver and Notice

7. Part 6

Extension of expiry date or last day for presentationTolerance in credit amount, quantity and unit pricesPartial drawings or shipmentsInstallment drawings or shipmentsHours of presentationDisclaimer on effectiveness of documentsDisclaimer on transmission and translationForce MajeureDisclaimer for acts of an instructed partyTransferable creditsAssignment of proceeds

UCP600

For more information, please visit: www.wtcsd.org

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Overview

Course Level

Basic to Intermediate Instructional Method

Dynamic, Interactive e-learning

Library of 9 Courses

International Trade Finance is an enriching package of the 9 individual financial e-Learning courses, reflective of real-world operational issues, best and conforming practices by the parties involved in International Trade

2. Import Letters of Credit:

3. Export Letters of Credit: 1. Fundamentals of International Trade and Banking:

4. How Letters of Credit Work:

Money and its characteristicsRole of Federal Reserve BankMovement of money from seller to buyerOrigins of trade and trade regulationsPrincipals of international banking

Meaning of import letters of creditThe mechanism of import letters of creditHow the procedure of payment and collection worksThe revolving letters of creditThe installment letters of credit

The export letters of creditThe mechanism of exports letters of creditLetter of credit instructionsThe importance of examining letters of creditThe ways to avoid discrepanciesCommon discrepancies encountered by banksTransfer under letters of creditAssignment of proceeds under letters of credit

The theories and principles on which letters of credit are basedThe different types of letters of creditThe process of issuing a letter of creditThe uses of a letter of credit and its characteristicsThe working of letters of credit in realityThe various rules that govern letters of credit

International Trade Services

For more information, please visit: www.wtcsd.org

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Library of 9 Courses

6. Standby Letters of Credit:

5. Monitoring Trade Loans:

Credit management in banksFunded and unfunded financingDifferent risk sharing structures:

SyndicationParticipationSecuritization

Differences between bullet loans, installment loans, and revolving loansVarious security measuresSituations when loans go bad

The meaning of standby letters of creditThe working of standby letters of creditThe meaning of bid bondsThe concept of performance bondsAdvance payment bondsCredit line supportEvergreen letters of creditClean letters of credit

7. Structuring Trade Loans:

How do companies finance international tradeThe differences between:

Trade financing and regular lendingTrade financing and project financing

The two basic variations in trade financingDifferent trade structuresVarious tools used for financing international trade

8. Draft and Direct Collections:

Define draft collectionExplain how draft collections workExplain the contents of letter of instructionDefine documentary sight draftsDefine documentary time draftsDefine avalized draftsExplain how to choose among the different types of documentary draftsDefine clean draftsDescribe borrowing against draft collectionsExplain how direct collections work

9. International Payment Terms:

The life of a trade transactionRisks involved in cross-border transactionsWhat exporters are looking forWhat importers are looking forChoosing credit/payment termsHow documentary collections work: sight drafts & time draftsHow letters of credit work

International Trade Services

For more information, please visit: www.wtcsd.org

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With the inherent potential to be a vital e-Learning and reference module for transactions involving trade finance documents, KESDEE’s twin-suite of e-learning course libraries on UCP-600 & International Trade Finance are relevant for professionals in international trading, like bankers, exporters, importers, lawyers.

Target Audience

UCP600 & International Trade Services

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Subject Matter Expert

Walter (Buddy) Baker has over 25 years of experience in international trade finance. His work experience includes, senior roles at Atradius

Buddy is a recognized expert in trade finance and has made numerous presentations for national associations of exporters, importers, bankers, and lawyers.

Buddy serves as a member-at-large of the National Letter of Credit Committee of the International Financial Services Association. He was actively involved in establishing national and worldwide standard practices for L/Cs, including “UCP600”, International Standard Banking Practices ("ISBP"), and the "eUCP" supplement.

He acts as an advisor to the Wolfsberg Group, an international group that includes most of the largest banks in the world whose purpose is to set standards for combating money laundering, and to the Institute for International Banking Law and Practice.

He also serves on the Board of Directors of the FCIB, a multinational association of export credit managers.

Buddy received his undergraduate degree from Yale University and his MBA from Kellogg School of Management at Northwestern University.

Copyright © 2012 KESDEE Inc.

www.wtcsd.org" + info@wtcsd.org

5280 Carroll Canyon Road; Suite 220, San Diego; CA 92121, U.S.A Tel: 858-558-8118, 858-558-8228 Fax: 858-558-8448