Accounting And Finance Training | The Letters Of Credit Training in Chennai

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The Letters of Credit Training Course

Chennai

Learn how Letters of Credit work.
Understand the Key terminology.
Learn the best practice for creating documentation.

Dates & Prices Dates & Prices

Course information

The Letters of Credit Training Course Outline

Module 1: Introduction to Letters of Credit

What is a Letter of Credit?
What They Do?
How Do They Work?
Advantages to a Letter of Credit
Disadvantages to a Letter of Credit
Key Terminology

Module 2: Types Available

Types of Letters of Credit
Assignments of Proceeds
Documents Required for a Letter of Credit

Module 3: Obligations Between Banks, Importers, and Exporters

Cash in Advance
Letters of Credit
Documentary Collections
Open Account
More on Confirmations

Module 4: Complying with UCP600 and ISBP

What is the UCP600?
What is the ISBP?
Letters of Credit have to Contain
- Consistency
- Date
- Description
- Origin
- Timing

Module 5: Best Practice for Creating Documentation

Procedures to Avoid Common Mistakes

Module 6: Reasons for Rejection and What to Do

Common Mistakes in Letter of Credit
Exporter Options
- Forward Document on Approval
- Cable for Approval
- Indemnity

Who should attend The Letters of Credit Training Course?

The Letters of Credit Training Course in Chennai is designed for individuals seeking a comprehensive understanding of Letters of Credit and International Trade Finance. This course will be beneficial for the following professionals:

Trade Finance Specialists
Import and Export Managers
International Sales Representatives
Supply Chain Professionals
Banking and Finance Professionals
Business Owners Trade Compliance Officers

Prerequisites for The Letters of Credit Training Course

There are no formal prerequisites to attend the Letters of Credit Training Course.

The Letters of Credit Training Course Overview

The Letters of Credit Training Course in Chennai offers a comprehensive program designed to provide participants with in-depth knowledge and practical skills related to letters of credit, a crucial financial instrument used in international trade. Letters of credit facilitate secure and efficient cross-border transactions by ensuring payment to exporters and compliance with trade terms.

Mastery of this subject is vital for individuals responsible for negotiating and managing letters of credit to minimize risks and ensure timely payment. The Letters of Credit Training Course in Chennai provides the necessary knowledge and skills to effectively utilize this financial instrument, making it indispensable for international trade professionals and those seeking to expand their expertise in global commerce.

This comprehensive 1-day training, offered by The Knowledge Academy in Chennai, covers the fundamentals of letters of credit, including types, terminology, and the documentary credit process. Experienced instructors guide participants through real-world case studies and practical exercises, ensuring they can confidently handle letters of credit transactions.

Course Objectives

To understand the fundamental concepts and types of Letters of Credit in international trade
To learn to effectively issue, manage, and negotiate Letters of Credit
To gain insights into risk mitigation and compliance with international trade regulations
To develop skills in analysing and resolving common LC-related issues and discrepancies
To enhance practical knowledge for the smooth execution of global trade transactions involving Letters of Credit

Upon completing The Letters of Credit Training Course in Chennai, delegates will benefit from enhanced knowledge and practical skills in managing letters of credit. They will be well-equipped to effectively handle international trade transactions, negotiate favorable terms, and ensure compliance with trade regulations. This course empowers professionals to play a pivotal role in facilitating secure and successful cross-border trade operations.

What’s included in The Letters of Credit Training Course?

World-Class Training Sessions from Experienced Instructors
The Letters of Credit Certificate
Digital Delegate Pack

Why choose us

Our Chennai venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

Chennai is situated within the South Eastern coast of India on the Coromandel Coast, as well as it being the capital city of Tamil Nadu, it is also the fourth largest city within India. Madras or Detroit of India as the city is otherwise known was home to around 82,790 people in 2011 making it the third largest expatriate population within India as it grew from around 35,000 people recorded in 2009. Chennai plays an important part within India’s automobile industry. There are some well-known universities within Chennai, however the IIT Madras which offers engineering courses is highly regarded amongst the top of its kind within India, along with the College of Engineering, Guindy which is up in the top ten engineering colleges also within India which is owned by Tamil Nadu. The schools within Chennai are either owned by Tamil Nadu or privately run, however still with some help financially from the government. Students have a number of different options within colleges as to what they want to study, with regards to the Alagappa College of Technology and the College of Engineering, Guindy, offers courses within technology, engineering or architecture. The university subjects can include the pervious subjects along with science, arts, law, commerce, and medicine. One of the biggest universities within Chennai which has five campuses throughout the city is the University of Madras which is also linked to colleges such as the Presidency College, madras Medical College, Madras Christian College and the Madras School of Social Work. Chennai also offers weekend education courses for students who are Japanese nationals living in the city through the Japanese School Education Trust, it is possible to provide support through learning. Chennai is also home to the Central Leather Research Institute which is the world’s largest research organisation in leather and is situated within Adyar. There is also a branch organisation from the Central Electronic Engineering Research Institute within Chennai as it plays a big part of the electronic research within India, Institutes such as the institute of Mathematical Science also offers students the chance to work on physical, mathematical and computer sciences.

Address

Tech 360 Consultancy Services

No. 1/807 A,

Pillayar Koil Street

Thoraipakkam

Chennai

T: +91 8037244591

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Accounting And Finance Training | The Letters Of Credit Training in Chennai. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Learn more in our FAQs

Unlock your potential with The Knowledge Academy's Accounting And Finance Training | The Letters Of Credit Training in Chennai, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Learn more in our FAQs

Experience the most sought-after learning style with The Knowledge Academy's Accounting And Finance Training | The Letters Of Credit Training in Chennai. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led Accounting And Finance Training | The Letters Of Credit Training in Chennai sessions.

Highly experienced trainers

Boost your skills with our expert trainers, boasting 10+ years of real-world experience, ensuring an engaging and informative training experience

State of the art training venues

We only use the highest standard of learning facilities to make sure your experience is as comfortable and distraction-free as possible

Small class sizes

Our Classroom courses with limited class sizes foster discussions and provide a personalised, interactive learning environment

Great value for money

Achieve certification without breaking the bank. Find a lower price elsewhere? We'll match it to guarantee you the best value

Learn more in our FAQs

Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

Tailored learning experience

Leverage benefits offered from a certification that fits your unique business or project needs

Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.

Team building opportunity

Our offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings

Monitor employees progress

The course know-how will help you track and evaluate your employees' progression and performance with relative ease

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What our customers are saying

Trainer was great. Clear explanations and enjoyed that it was an interactive session.

Pavlos Lazos

Accounting And Finance Training | The Letters Of Credit Training in Chennai FAQs

What does the course include?

The course includes 1 day of classroom training from an expert instructor, courseware book including slides, and a certificate of achievement upon completion.

Does the course include an exam?

There is no exam with this course, and it is not necessary to take one.

What will be the experience of my instructor?

Your instructor will be an experienced management consultant who understands the demands of the role.

What time shall I arrive at the venue?

Please arrive at the venue at 8:45am.

What is the cost/training fees for The Letters of Credit Training Course in Chennai?

The training fees for The Letters of Credit Training Coursein Chennai starts from INR24995

Which is the best training institute/provider of The Letters of Credit Training Course in Chennai?

The Knowledge Academy is the Leading global training provider for The Letters of Credit Training Course.

What are the best Accounting Courses courses in Chennai?

Please see our Accounting Courses courses available in Chennai

Why choose us

Best price in the industry

You won't find better value in the marketplace. If you do find a lower price, we will beat it.

Many delivery methods

Flexible delivery methods are available depending on your learning style.

High quality resources

Resources are included for a comprehensive learning experience.

"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

Joshua Davies, Thames Water

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