Documentary Letters of Credit
| 21 – 23 July 2025 | Abu Dhabi | 13 – 15 Oct. 2025 | Dubai | 15 – 17 Dec. 2025 | Abu Dhabi |
Course Objectives:
By the end of this course, participants will:
1.Understand the principles, processes, and legal framework of documentary letters of credit (LCs).
2.Learn the roles and responsibilities of buyers, sellers, and banks in LC transactions.
3.Gain skills in preparing, verifying, and managing documentation for LC compliance.
4.Develop expertise in handling risks, amendments, and disputes related to LCs.
5.Enhance their ability to use LCs effectively to facilitate international trade.
Course Syllabus:
Day 1: Fundamentals of Documentary Letters of Credit
1.Introduction to Letters of Credit
2.Parties Involved in LC Transactions
3.Understanding the Legal Framework
4.Workshop: Analyzing Sample LC Transactions and Identifying Key Elements
Day 2: Documentation and Compliance
1.Preparing and Reviewing LC Documentation
2.LC Operations and Workflow
3.Managing Amendments and Discrepancies
4.Case Study: Identifying Discrepancies and Resolving Issues in LC Documentation
Day 3: Risk Management and Advanced Applications
1.Risk Management in LC Transactions
2.Advanced LC Types and Applications
3.Dispute Resolution and Best Practices
