Basics of Letter of Credit & Receiving Overseas Payments

Basics of Letter of Credit & Receiving Overseas Payments, available at $19.99, has an average rating of 4.1, with 35 lectures, 7 quizzes, based on 33 reviews, and has 7129 subscribers.

You will learn about Beginner's concepts on how does a traditional overseas letter of credit work What are the typical parties and banks in a simple letter of credit cycle What is UCP 500/600 and its role in international L/C operations What is a blockchain based letter of credit? What are the different types of letter of credits What is the basic framework of of typical exports transaction involving a letter of credit What are the different costs and fees associated with letter of credit and who pays what part. This course is ideal for individuals who are Management Students or International Business Students or Exporters and importers or Working executives in the area of exports, imports, letter of credit, international payments roles or Bank officials working in the international branch of the banks or Anyone interested in understanding the role of documentary credit It is particularly useful for Management Students or International Business Students or Exporters and importers or Working executives in the area of exports, imports, letter of credit, international payments roles or Bank officials working in the international branch of the banks or Anyone interested in understanding the role of documentary credit.

Enroll now: Basics of Letter of Credit & Receiving Overseas Payments

Summary

Title: Basics of Letter of Credit & Receiving Overseas Payments

Price: $19.99

Average Rating: 4.1

Number of Lectures: 35

Number of Quizzes: 7

Number of Published Lectures: 35

Number of Published Quizzes: 7

Number of Curriculum Items: 42

Number of Published Curriculum Objects: 42

Original Price: $49.99

Quality Status: approved

Status: Live

What You Will Learn

Beginner's concepts on how does a traditional overseas letter of credit work
What are the typical parties and banks in a simple letter of credit cycle
What is UCP 500/600 and its role in international L/C operations
What is a blockchain based letter of credit?
What are the different types of letter of credits
What is the basic framework of of typical exports transaction involving a letter of credit
What are the different costs and fees associated with letter of credit and who pays what part.

Who Should Attend

Management Students
International Business Students
Exporters and importers
Working executives in the area of exports, imports, letter of credit, international payments roles
Bank officials working in the international branch of the banks
Anyone interested in understanding the role of documentary credit

Target Audiences

Management Students
International Business Students
Exporters and importers
Working executives in the area of exports, imports, letter of credit, international payments roles
Bank officials working in the international branch of the banks
Anyone interested in understanding the role of documentary credit

Mastering International Trade Finance: Basics of Letter of Credit & Receiving Overseas Payments

Welcome to a dynamic exploration of international trade finance! This VJ Export Mastery Series Courseis your passport to understanding the fundamentals of Letter of Credit (LC) transactions, decoding the complexities of overseas payments, and navigating the global landscape of trade finance. #TradeFinance #InternationalTrade

Demystifying LCs: How It All Works

Uncover the essential workings of Letter of Credit, a cornerstone of international trade finance. Delve into the intricacies of LC payment processes, grasp the significance of UCP (Uniform Customs and Practice for Documentary Credits), and gain insights into the diverse types of LCs that fuel global commerce. #LetterOfCredit #UCP

My Journey: From Educator to Course Creator

With more than 20 courses already under my belt, I recognized a crucial gap in the world of online education – the absence of a succinct, yet comprehensive course that offered essential knowledge about Letter of Credit and the nuances of receiving international payments. This realization was my driving force. It was a call to bridge the gap between complex financial instruments and the need for simple, actionable knowledge. #OnlineEducation #TradeFinanceKnowledge

Pioneering Simplicity

Armed with years of experience and a profound understanding of the complexities of international trade finance, I embarked on a journey to create a course that would serve as a beacon for students seeking clarity in this intricate field. My goal was clear – to provide a sound, effective, and concise course that simplifies the fundamentals of Letter of Credit and international payment reception. #SimplifiedLearning #TradeFinanceSimplicity

A Transformational Learning Experience

Explore Course Highlights: What You’ll Learn

LC Transaction Insights: Develop a profound understanding of how LC transactions facilitate global trade.
UCP Demystified: Navigate the international trade arena by comprehending the significance of UCP.
LC Types Unveiled: Explore a diverse range of LC types, from Revocable to Confirmed, and more.
Blockchain-Powered LC: Embrace the future of LCs with insights into Blockchain-based transactions.
Banks’ Vital Role: Gain clarity on the pivotal role banks play in LC operations.
LC Costs Unmasked: Learn to decipher and manage the costs associated with LC transactions. #TradeFinanceInsights #BlockchainLC

Who Should Enroll?

Business Professionals: Equip yourself with trade finance knowledge essential for international business success.
Aspiring Exporters & Importers: Master the intricacies of LCs to streamline your overseas transactions.
Finance & Banking Enthusiasts: Enhance your financial acumen by immersing yourself in the world of LCs.
International Trade Novices: Embark on your global trade journey with a strong foundation in trade finance. #InternationalBusiness #TradeFinanceFoundation

Enroll Now and Unlock the World of Trade Finance

Join us in “Basics of Letter of Credit & Receiving Overseas Payments” and embark on a journey that will demystify LCs, empower you with trade finance knowledge, and open doors to seamless global transactions. With expert guidance, real-world applications, and a strong foundation, you’ll be ready to conquer the international trade landscape. #TradeFinanceCourse #GlobalTransactions

Ready to take your first steps into the world of trade finance? Let’s begin this transformative journey together.

Course Curriculum

Chapter 1: Introduction

Lecture 1: Introduction and Course Plan

Lecture 2: Introduction

Lecture 3: Overview of the topics covered

Chapter 2: A Typical Exports Transaction Framework

Lecture 1: Typical Export Transaction Procedure

Lecture 2: A Typical Exports Transaction Framework

Chapter 3: How does LC work and different parties in a typical LC cycle

Lecture 1: Rationale and operation of LC

Lecture 2: How does a typical letter of credit work?

Lecture 3: Different parties to a letter of credit

Chapter 4: Role of UCP in a typical merchandise letter of credit

Lecture 1: The LC solution for a diverse world

Lecture 2: Role of UCP in LC operations

Lecture 3: UCP 600 Revision

Lecture 4: A few words about your contribution to the course and learning

Chapter 5: Types of letter of credits?

Lecture 1: Types of letter of credits

Lecture 2: Common Types of Overseas Letter of Credits

Chapter 6: Common LC conditions

Lecture 1: Understanding the most common LC conditions

Lecture 2: Common LC conditions – Part 1

Lecture 3: Common LC conditions – Part 2

Lecture 4: Common LC conditions – Part 3

Lecture 5: Sample cum format of a typical real world letter of credit

Lecture 6: Optional assignment based on the sample of an international letter of credit

Chapter 7: Discrepancies commonly found in LCs and the documents presented against LCs

Lecture 1: Common LC flaws

Lecture 2: Common Discrepancies in LCs

Lecture 3: Common discrepancies in the documentary presentations against LCs

Lecture 4: Common problems in the documents presented for payment against LCs

Chapter 8: Costs and Fees Associated with International Letter of Credit and Who Pays What

Lecture 1: LC costs

Lecture 2: How L/C fee and costs are split between the seller and the buyer

Lecture 3: LC Costs Usually Associated With the Exporter

Lecture 4: LC Costs Usually Associated With the Importer

Chapter 9: Blockchain Based International Letter of Credit

Lecture 1: Blockchain Based New Letter of Credit System

Lecture 2: What is a blockchain based letter of credit – Overview

Lecture 3: Basic Steps For a Typical Blockchain Based LC

Lecture 4: Basic Blockchain LC Cycle Explained

Chapter 10: Final Thoughts

Lecture 1: Congratuations

Lecture 2: Concluding Remarks

Lecture 3: Last words about the course

Instructors

Dr. Vijesh Jain
325K+ Enrollments in Export Mastery | BE (BITS), MIB (IIFT)

Rating Distribution

1 stars: 1 votes
2 stars: 1 votes
3 stars: 8 votes
4 stars: 7 votes
5 stars: 16 votes

Frequently Asked Questions

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