Essentials of Letters of Credit
(Conducted in English)

Letters of Credit serve as effective, inexpensive assurance of payment to vendors before the goods get shipped out to their buyers. Learn about the basics of utilising this document in order to facilitate your company’s various logistical processes.

Course Content
• Overview of Letters of Credit (L/C)
• Role of Banks in L/C
• Letters of Credit
  o How They Work;
  o Types of L/C;
  o The Technical Variations.
• Opening a L/C
  o Essential Requirements by Banks;
  o Key Terms and Conditions.
• Reviewing Export L/C and Documents Presented under an Export L/C
• Avoiding & Resolving Discrepancies under an Export L/C
• Understanding Shipping Terms in Relation to L/C
• Uniform Customs & Practice for Documentary Credits (UCP 600)

Target Audience
This course is suitable for personnel involve in logistics operations, credit management, purchasing and trade documentation etc, and have little or no knowledge of L/C.

Assessment and Certificate
Participants who fulfil at least 75% attendance for the whole course will be awarded Certificate of Attendance.
There is no assessment for this course.

Course Fee
S$350 + GST (Members)
S$400 + GST (Non-Members)
SDF grant is available for company-sponsored applicants. Please visit www.skillsconnect.gov.sg.

Total Training Hours
14 Hours

Training Venue
47 Hill Street 8th Floor
Singapore Chinese Chamber of Commerce and Foundation Building
Singapore 179365