LC - UPAS, Back to Back, Transferable, At Sight, Confirm, Irrevocable & others LC for Import- Export
- Date : 24 - 25 February 2023
- Duration : Evening(7.30 PM-10.30 PM)
- No. of Classes/ Sessions : 2 Session
- Class Schedule : Friday & Saturday
- Total Hours : 6
- Last Date of Registration : 22 February, 2023 ( within 5pm )
- Venue : Online Virtual
- Training certificate will be provided within 10 working days after completion of training successfully.
Introduction
A letter of credit (L/C) is one of many methods to provide protection to both parties involved in international transactions. L/C is a crucial part of the recipe when it comes to trade done outside borders. These documents have many useful features that make imports and exports easier and more reliable. The letter of credit (L/C) is grounded on international trade practices and regulations. It establishes what the parties are expected to do, what documents are required for the transactions, and the terms both exporter and importer agree on beforehand. A letter of credit works as a guarantee that the transaction will be done as agreed.
Methodology
Exercise, PowerPoint Presentation, Question and answer session.Contents of Training:
DAY-11. Various types of L/C
2. UCPDC-600
3. UCPDC
4. Irrevocable L/C
5. Payment methods without L/C
6. UPAS L/C
7. Back to Back L/C
8. Transferable L/C
9. Add confirm L/C
10. LC SWIFT Code
11. Parties involve in the L/C
12. L/C works process
13. L/C amendment Process
14. Import without L/C
15. Advantages of L/C to the importers
16. Advantages of L/C to the exporters
17. Risk of L/C
18. H.S Code & SWIFT Code in L/C
DAY-2
19. Confirming Bank
20. Negotiating Bank
21. Reimbursing Bank
22. Advising Bank
23. Issuing Bank
24. Documents for L/C opening
25. Important L/C Clauses
26. Practical exercise on L/C
27. Proforma Invoice (P/I)
28. Sales Contract
29. Shipping documents
30. Third-party documents
31. Nostro & Vostro A/C
32. Negotiable & Non-negotiable documents
33. Insurance cover note & policy
34. Bill of Entry & Bill of Export
35. INCOTERMS- 2020
36. Local L/C
37. Lien Bank
38. Credit report
39. Guideline for L/C opening
40. IMP & LCAF for LC opening
Question & Answers session
Certificate Distribution
Related Courses
Resource Person
Md. Delwar Hossain Bhuiyan
Managing Director
Having achieved masters degree from University of Dhaka in 1991, Mr. Bhuiyan started his career with an international trading company and worked for LG Corporation, Korea, Sumitomo Corporation, Singapore, Mitsui Corporation, Mitsubishi Corp. Japan, Hyundai Corporation, Singapore at later stage of his life.
Mr Delwar Hossain has established his own consulting firm, Desh Consulting Ltd, and providing professional solutions in Banking, Marketing, Commercial, Documentation, Customs procedures, Shipping procedures, International Trade, E-tender, L/C, Indenting Business, C & F Agent Business, Project Profiling, Buying House and Export- Import Business.
He has trained over 10,000 new entrepreneurs, professionals, business owners, technical and management experts and still counting in.
He attended many trainings and seminars on international business and got experience in import, export, indenting and international tender business. He participated in many international tender with PDB, REB, DESA, WASA, DGDP and Biman Bangladesh Airlines. He has been with international business for about 20 years, where he deals with Banks, Insurance, Inspection Co., Customs Authority, C&F agents, DCCI, BIAA, BOI, EPB and others business related organizations.
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