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Price: $(USD) 229
Course Level
Advanced
Delivery Method
On-Demand Self-Study Course
Professional Development Credit Hours
2
Pre-requisites
There is no pre-requisite for this course.


Faculty

All on-demand self-study courses are written by members of our Faculty in their areas of expertise.

Accreditations

NASBA: Mennta Energy Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org

CPD Certification Services: The CPD Certification Service works with Mennta Energy Solutions to ensure valuable knowledge is structured to complement the universal guidelines of Continuing Professional Development. Mennta Energy Solutions courses are approved by CPD at one credit per training hour.

BAC: Mennta Energy Solutions is pleased to be endorsed by the BAC for Independent Further Education as a Short Course Provider. Endorsement covers courses delivered in the UK only.

GARP: Mennta Energy Solutions is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits.

Letters of Credit (ON-DEMAND) - LOC


Course Summary

This course provides an introduction to the use of letters of credit in the international energy trading market. You’ll learn about the process of opening a documentary letter of credit, the key terms, and the roles and responsibilities of the banks, the applicant and the beneficiary. We’ll cover how to check and amend a letter of credit, and how to avoid discrepancies in presentations. We’ll review the key principles of UCP and ISBP. We’ll consider other types of letters of credit including standby, revolving and back to back.

Who Should Attend?


Course Content

You will learn to:

  • Identify what a documentary letter of credit is, the key terms and the roles and responsibilities of the parties to a credit.
  • Point out how to open a documentary letter of credit, how to check and amend a credit, how to present documents and avoid discrepancies.
  • Recognize the UCP and ISBP standards for issuing and checking letters of credit.
  • Distinguish between different types of letters of credit including documentary, standby, revolving and back to back.
  •  

    Practice exercises and self-assessment quizzes are included to help reinforce key topics introduced throughout the course.

    A comprehensive final test will be given at the end of the course.

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