Why join this course?
The course will highlight underlying operations and processes in the international trade environment with respect to payments such as LC (that is governed by UCPDC600), DP, DA etc. The course will also emphasize on the documentations that are needed for a seamless transaction for each engagement between a buyer and a seller.
The course will also offer a detailed expose of the documentary credit process and will discuss the trade payment mechanisms, underlying day to day problems, and risk involved. Learning outcomes:
- Understand how secure is the Letter of Credit Payment Method
- Learn about the potential traps that could emerge in LC Payments
- Get to know about techniques for for avoiding/minimizing losses
- A briefing of Nostro & Vostro account and its applications
There are no specific prerequisites for this course, however, students need to be able to understand English.
Meet your trainer
Rajendra Kumar Maru
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Export-Import Consultant and Trainer
Mr Rajendra Kumar maru is M Sc (Phy) and PGDM from IIM, Calcutta (now Kolkata) with 40 years' experience in handling exports. Visited more than 35 countries multiple times including USA, Canada, UK, France, Iran, Saudi Arabia, Y.A.R., Egypt, Turkey, China, Taiwan, Vietnam Indonesia etc. Participated in various Overseas Trade Fairs.
In 2005, he established his own Foreign Trade Management And Training Centre (FMTC) which has been successfully providing end to end consultancy and Export Import Training. FMTC has also helped exporters to find buyers in overseas markets. It is the best institute in Indore imparting Export Import Training at the lowest and affordable fee.
What’s inside?
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Advance Payment Method
(2:35)
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Documents against Payment (DP) Method
(7:02)
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Documents against Acceptance (DA) Method
(4:56)
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Payment against Fax/E-mail copies of documents Method
(1:18)
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Letter of Credit Payment Method
(11:26)
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Types of LCs
(4:19)
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How secure is the Letter of Credit (LC) Payment Method?
(1:16)
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Potential Traps in LC Payments
(4:19)
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Modes of Payment in Priority Order
(3:33)
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What are the Risks in Foreign Exchange?
(6:18)
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Requirement of NOSTRO Account
(2:50)
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Sample Letter of Credit & it's features
(12:23)
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Download Lecture Presentation
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Test your learning
Experiences shared
by our learners
Course covered almost all issues related to Foreign Trade, Very Good Teachers, Practical Examples.
Manit Nitin Dharia
Dharia Switchgear & Controls Private Limited
The faculty also enlightened us on many areas which are not mentioned in the books but are practically faced.
Amit Rathod
VSK Advisors LLP
Explanation by the professors was good, timings of the programe, very good interactive sessions ( Clearing all the Doubts raised by the participants)
T E Vishnu
Associate Engineering Services
Professors are experienced from relevant industries, willing to resolve all queries and able to share information in easy way
Sanjay Patle
DelVal Flow Controls Pvt. Ltd.
Frequently Asked Questions
When does the course start and finish?
You get access to the course content for 3 months starting the day you are enrolled for this! We keep on adding relevant and updated content on a regular basis. Note that this is a recording of a live online program organized by EEPC India
What do I get along with the course videos?
Along with the course videos you also get course PPT, reference material and a section to ask questions that will be answers by the instructor themselves.
Who is this course useful for?
This course is extremely important for business owners, business heads, senior managers, procurement managers and whoever else is involved in planning the export-import activities.
Why such huge discounts?
During the hard times with Covid raising challenges for businesses worldwide, we wish to do our bit. Many of the EEPC members are facing issues in terms of customer retention as well as managing their teams. As the provider in this ecosystem, we realized that the best way to help during these times is to share knowledge and wisdom to help you strive and grow.
What if I wish to dig deeper into the subject?
In case you wish to dig deeper into the the subject, you can drop an email to us and if enough requirement is there, we will create a special course on the topic.
