How Does An Overseas Letter of Credit Work? | A Short Course

What you’ll 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.
Requirements
This is a beginner’s course and there are now course requirements and prerequisites
Description
Introduction To This Short Course

‘How does an overseas letter of credit works’ is a course for beginners. Something you are looking to understand the most safe method of receiving international payments through documentary international letter of credit. If you want to make sure that you do not make mistakes in accepting overseas LCs. If you want to know basic concept of documentary overseas credit and when to use these instruments. Friends, then this is the perfect course for you. And, this VJ Exports Mastery Series Course provides complete basic understanding on this most popular international trade financing instrument i.e overseas letter of credit, focusing on he basic cycle of Documentary overseas Letter of Credit.

This letter of credit learning course is a step by step basic guide to make you learn how to understand documentary letter of credit which are issued by banks from around the world. Friends, a career in documentary letter of credit handling is a highly paying job whether you are working for global companies, international banks or export houses. Needless to say, half knowledge is recipe for disaster sooner or later. Therefore, do not leave any stone un-turned in your complete basic understanding of LCs, UCP, Blockchain Based LCs and related basic concepts.

WHAT IS COVERED IN THIS COURSE?

This course on Overseas letter of credit covers topics like

Role of international banks in international trade payments through letter of credit.

Typical exports and documentary credit cycle.

Types of International Letter of credit

Role of UCP

Emerging role of revolutionary Blockchain based L/Cs

What can you expect the outcome of learning this course?

After completing this course, you will have basic practical knowledge about Documentary Overseas Letter of Credit, its brief background, nature and types. Subsequently, you will be able to work with international companies in their commercial department getting good salaries. Alternatively, you can also start your exports or imports business by receiving or sending international payments for goods / services sold or bought. And friends, this course is the only one of its kinds on UDEMY. Because, this course is based on the years of experience and research work carried out by Dr. Vijesh Jain, the author and instructor of this course.

About the instructor

Dr. Vijesh Jain, instructor of this course on documentary letter of credit, is a seasoned professional in all the areas related to global business, exports, imports, international logistics and supply chain. He has served with many international organization working in several countries and dealt with more than 28 countries for exports operations. He is an IIFT, BITS, BIMTECH and Harvard University Alumnus. I addition, he has a PhD in international business from University of Mysore. An award winning professor and exports professional, he has been actively working to share his knowledge of more than 30 years in the international business management. For this, he regularly create VJ Exports Mastery Series of Course on UDEMY.

Who this course is for:
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