INTRODUCTION OF UNDERSTANDING RULE OF TRADE , LETTER OF CREDIT , DOCUMENTARY COLLECTION AND BANK GUARANTEE AND HOW TO MITIGATE RISKS

The training program Understanding Rule of Trade, Letter of Credit, Documentary Collection and Bank Guarantee and How to Mitigate the Risk was design with the following key objectives of learning to the participants:-

1. To provide learning and knowledge experience to participants on the various type of payment method for import and export trade
2. Develop full awareness to participant on the various type of Letter of Credit and the risk associated with each type
3. Develop full awareness to participant on Documentary Collection and risk associated with the payment method
4. Develop full awareness to participant on payment using Bank Guarantee and risk associated with the payment method
5. Compare the various payment method listed in the training program

COURSE CONTENT

Module 1 – Challenges of International Trade

1) Buyer and Seller Obligation, Risk and Cost

2) Title holder and Risk Transfer

3) Incoterms Rules

4) Type of Payment method available

5) Type of Trade Financing – Forfaiting, Factoring, Letter of Credit, Documentary Collection and Bank Guarantee

6) Quiz

Module 2 – Letter of Credit (LC)

1) What is Letter of Credit

2) Rule Governing Letter of Credit

3) Parties in Letter of Credit

4) Revocable Letter of Credit

5) Irrevocable Letter of Credit

6) Type of Letter of Credit

7) Red Clause Letter of Credit

8) Claim, payment verification, discrepancies management

9) Why letter of credit is popular

10) Managing Risk with Letter of Credit

11) Quiz

Module 3 – Documentary Collection

1) Type of Documentary Collection

2) Rule Governing Documentary Collection

3) Managing Risk with Documentary Collection

4) Documentary collection versus Letter of Credit

5) Quiz

Module 4 – Bank Guarantee (BG)

1) What is a Bank Guarantee

2) Rule Governing Bank Guarantee

3) Bank Guarantee Procedure and Purpose

4) Type of Bank Guarantee

5) Bank Guarantee versus Letter of Credit

6) Managing Risk associated with Bank Guarantee

7) Quiz

Module 5 – Risk Mitigation

1) Type of Risk

2) Mitigation on Cyber Security

3) Fraud in International Payment system

4) Quiz

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