Course Detail(BF088 : Understanding and Using Letters of Credit (Live Webinar))

BF088 : Understanding and Using Letters of Credit (Live Webinar)

7.00 CPE Hours (Others)
Classroom

In view of the current COVID-19 situation, we will be changing the format of the session on 3 July 2020 into a Live Webinar. A detailed set of instructions on the Live Webinar will also be sent to you closer to date. 

Programme Objective

To provide detailed working knowledge on Letters of Credit, understand the problems and issues of L/C operations, and instill confidence in handling L/C operations.
 

Programme Outline

  • Overview of International Trade
  • Letter of Credit Overview
  • Parties in a letter of credit transaction
  • Types of credits and credit terms
  • Format of a letter of credit
  • Tips for buyer/importers in issuing a letter of credit
  • Checklist & Guide for Importers
  • Tips for exporters in complying with a letter of credit
  • What might constitute discrepancy in a document
  • Common discrepancies/Compliance with UCP 600
  • Problems created as a result of special/additional instructions in L/C
  • Incoterms 2010
  • Q & A

 


Training Methodology
Lecture style, with Exercises/Case Studies

Closing Date for Registration
1 week before programme or until full enrolment

 

Intended For

A foundation to intermediate level seminar intended for Managers, Executives and Professionals who are involved in L/C operations. Those who are interested to acquire valuable insights into this subject matter are encouraged to attend as well.

Competency Mapping

Others = 7.00 Hours

Schedule & Fees

Date & Time

03 Jul 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Discounts till 31 Aug 2020

Programme Facilitator(s)

Richard Yeo Chin Keat

Venue

Online Classroom in or outside of
Singapore

Date & Time

10 Feb 2020 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Richard Yeo Chin Keat

Date & Time

21 Nov 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Richard Yeo Chin Keat

Date & Time

10 May 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Richard Yeo Chin Keat

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Richard Yeo Chin Keat
MBA, MIEx (Grad), ACIB


Richard has over 25 years of working experience in the banking industry, covering the areas of International Trade Finance, Funds Transfers (Remittances), Business Administration, Retail Banking and Risk Management. He has worked in various international banks and is actively involved in conducting in-house training and presentations.

Prior to his present position as a key management staff in a listed company, he was a Senior Manager in an MNC. He was also a Deputy General Manager and Compliance Officer in an offshore bank, in charge of Trade Finance, Settlements, Remittances, Deposits, Loans Administration, Correspondent banking as well as Accounting and Regulatory Compliance.

Richard is a registered Associate Trainer with the Institute of Banking and Finance (IBF), and a part-time Associate Lecturer with the Singapore Institute of Management (SIM) and also a part-time Tutor with Business and Management Education Limited, for the Manchester Business School MBA program conducted in Singapore.

Richard is an Associate Member of the Chartered Institute of Bankers, a graduate member of the Institute of Exports (UK) and holds a Master of Business Administration degree, jointly awarded by the University of Manchester and the University of Wales, UK.

In view of the current COVID-19 situation, we will be changing the format of the session on 3 July 2020 into a Live Webinar. A detailed set of instructions on the Live Webinar will also be sent to you closer to date. 

Programme Objective

To provide detailed working knowledge on Letters of Credit, understand the problems and issues of L/C operations, and instill confidence in handling L/C operations.
 

Programme Outline

  • Overview of International Trade
  • Letter of Credit Overview
  • Parties in a letter of credit transaction
  • Types of credits and credit terms
  • Format of a letter of credit
  • Tips for buyer/importers in issuing a letter of credit
  • Checklist & Guide for Importers
  • Tips for exporters in complying with a letter of credit
  • What might constitute discrepancy in a document
  • Common discrepancies/Compliance with UCP 600
  • Problems created as a result of special/additional instructions in L/C
  • Incoterms 2010
  • Q & A

 


Training Methodology
Lecture style, with Exercises/Case Studies

Closing Date for Registration
1 week before programme or until full enrolment

 

Intended For

A foundation to intermediate level seminar intended for Managers, Executives and Professionals who are involved in L/C operations. Those who are interested to acquire valuable insights into this subject matter are encouraged to attend as well.

Competency Mapping

Others = 7.00 Hours

Programme Facilitator(s)

Richard Yeo Chin Keat
MBA, MIEx (Grad), ACIB


Richard has over 25 years of working experience in the banking industry, covering the areas of International Trade Finance, Funds Transfers (Remittances), Business Administration, Retail Banking and Risk Management. He has worked in various international banks and is actively involved in conducting in-house training and presentations.

Prior to his present position as a key management staff in a listed company, he was a Senior Manager in an MNC. He was also a Deputy General Manager and Compliance Officer in an offshore bank, in charge of Trade Finance, Settlements, Remittances, Deposits, Loans Administration, Correspondent banking as well as Accounting and Regulatory Compliance.

Richard is a registered Associate Trainer with the Institute of Banking and Finance (IBF), and a part-time Associate Lecturer with the Singapore Institute of Management (SIM) and also a part-time Tutor with Business and Management Education Limited, for the Manchester Business School MBA program conducted in Singapore.

Richard is an Associate Member of the Chartered Institute of Bankers, a graduate member of the Institute of Exports (UK) and holds a Master of Business Administration degree, jointly awarded by the University of Manchester and the University of Wales, UK.


Upcoming Schedule

Date & Time

03 Jul 2020 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 345.61   $ 276.49
For Non-Members: $ 415.16   $ 332.13
Discounts till 31 Aug 2020

Programme Facilitator(s)

Richard Yeo Chin Keat

Venue

Online Classroom in or outside of
Singapore