Letter Of Credits and UCP 600 Guidelines In Global Shipping

RM1,000.00

 Letter-Of-Credits-and-UCP-600-Guidelines-In-Global-Shipping-HRDF-Trainings

Introduction

Every business entity needs financing either from internal or external sources. Even though a company is self-financing today, in the near future it may need to expand its manufacturing or sales activities due to market expansion, diversification of products, competition, globalization, in order to meet the fast changing demand, fast changing technology and Research & Development

In order to achieve these objectives a company obviously needs additional resources and financing from the bank, so as to be able to withstand and sail through the cyclical nature of the economy, and also to excel in today’s competitive business environment

There are financial institutions and finance companies which are willing to finance for such purpose, provided businessmen know what type and how much banking facilities are needed

The knowledge on banking facilities such as Letter of Credit, other trade finance facilities and its required quantum, the risk and fraud occurrence in domestic as well as international trade, and the measures taken to prevent such occurrence, form an integral part of a successful business entity

How Will You Benefit

Upon completion of this programme, the participants will be able to :

  • Understand the various types of Letters of Credit (LC)
  • Complete the application form for Letter of Credit from the bank
  • Identify practical examples of various products traded, appropriate to the respective Letters of Credit
  • Compile various export documents stipulated in the Letter of Credit
  • Identify the common discrepancies in export/ shipping documents

Who Should Attend

This course is suitable for Financial Controllers, Account Executives, Finance Executives, personnel involved in importing, manufacturing, exporting, shipping, freight forwarding, and trading concerns

Level For Executive and above

Methodology

The course will be delivered via lectures on key concepts, demonstration of procedures through visual aids, laptop & LCD projector, sample or real documents of Letters of Credits and other shipping documents, latest Balance Sheet & Profit & Loss A/c, Annual Report for practical exercise on computation of net working capital requirement and total funding requirement and group discussion

Module

  • THE PRINCIPLES OF DOCUMENTARY CREDITS/COLLECTION AND METHOD OF PAYMENT COMMONLY IN USE
  • THE COMMON CONDITIONS OF L/C AND PREVAILING INSTRUCTION DISCREPANCIES IN EXISTENCE
  • THE COMPARISON LEVELS OF VARIOUS METHODS OF PAYMENT USED IN INTERNATIONAL TRADE
  • THE UCP 600 IMPLEMENTATION & THE STANDARD OF EXAMINATION DOCUMENTS FROM BANKERS
  • THE PREVAILING CONDITIONS OF USING DOCUMENTARY COLLECTION IN INTERNATIONAL TRADE
  • AWARENESS OF TYPES OF RISKS IN THE FINANCIAL AND COMMERCIAL CIRCLES IN INTERNATIONAL TRADE

Fee: RM 1,000 per pax


Loyalty Points: 1000 Points


Duration: 2 Days


Note: In-house course is available. Request it HERE

Trainer

Stephen Kum Foong Sang

Biodata:
Stephen Kum Foong Sang graduated with Master of Business Administration from Newport University, United States. He is a fellow of the Institute of Freight Forwarders (UK), The Institute of Logistics & Transport (UK), The Institute of Business Administration (UK), Professional Member of Logistics & Supply Chain Management Society and former Vice Chairman of Persatuan Logistik Selangor.Stephen has over 28 years of hands-on experience in the field of international trade, global procurement, freight and logistics supply chain management. His consultancy expertise relates to implementing logistics strategy, criteria in selection of carriers, supply chain integration and Incoterms contracts. He has been involved in corporate training and development since 2002 for manufacturers, multinational companies, trade associations and trade and tourism divisions of foreign embassies.

Reviews

There are no reviews yet.

Be the first to review “Letter Of Credits and UCP 600 Guidelines In Global Shipping”