Documentary credits are considered important tools used in financing external trade operations, including import and export. Since they are processed through banks, this adds a level of security and stability, as both the importer and exporter trust the banks in executing these credits. The exporter knows that they will receive the value of the goods once the terms outlined in the documentary credit are fulfilled. Similarly, the importer is assured that the bank issuing the credit will not release payment for the goods until all the agreed-upon conditions in the credit have been met.

The British Academy for Training and Development offers an Advanced Documentary Credits course for those looking to acquire significant skills in financial markets and gain expertise in bank and financial management.

Target Audience:

• Directors of institutions and companies.

• Businessmen who wish to develop their skills in banking management.

• Students and graduates of business administration colleges in various universities.

• Bank managers and department staff in banks.

• Accountants and their assistants in banks.

• Anyone interested in developing their expertise to work in the field of managing home credits.

Program Objectives:

To equip participants with new skills and enhance their capabilities effectively through:

• The ability to supervise the preparation of journal vouchers, ensure their accuracy, and authorize them before posting to the accounting books of companies.

• Gaining experience in the field of control and supervision of all documents received or issued by the accounting office in banks.

• Implementing all financial procedures by senior management in banks and financial institutions.

• Supervising the annual inventory that occurs every year and ensuring the accuracy of the inventory in documentary credits.

Documentary Credits

Documentary Credit (Definition, Types, Parties Involved, and its Documentary Cycle)
Payment Methods – Advantages and Disadvantages for Both Seller and Buyer (Open Account, Advance Payment, Collection Documents, Payment by Documentary Credit)
Parties Involved in Documentary Credit (Applicant – Issuing Bank – Correspondent or Advising Bank – Confirming Bank)
Covering Bank – Beneficiary and the Bank Handling the Documents or the Nominated Bank
Role of Issuing, Advising, and Confirming Banks in Documentary Credit
Documentary Credit Cycle
Benefits of Documentary Credit in International Trade
Reviewing the Contents of a Documentary Credit Application
Types and Uses of Documentary Credit
Types Based on Form and Legal Eligibility
Revocable Credit
Irrevocable and Confirmed Credit
Acceptance, Sight, Deferred Payment, and Circular Credits
Transferable Credit and Back-to-Back Credit
Advance Payment Credit or Red Clause Credit
Standby or Ready Credit
Divisible Credit, Intermediary Credit, and Domestic Credit
Documentary Collections
Types of Documentary Collections
The Importance of Documentary Collections in International Trade
Parties Involved in Documentary Collections
Economic Considerations of Using Documentary Collections
Comparing Documentary Collections with Documentary Credits
Implementation Issues in Documentary Collections
Procedures for Handling Documentary Collections
Banks' Responsibilities in Documentary Collections
Documents Used in Documentary Collections
Standard Rules Governing Documentary Collections
Shipping Documents
Differences Between Marine, Land, and Air Bills of Lading in Terms of Ownership of Goods
Bills of Lading with Pre-Shipment Dates
Nature of the Marine Bill of Lading that Acknowledges Receipt of Goods vs. Shipping Bills
Long-term and Short-term Bills of Lading
Conditions for Signing the Bill of Lading by the Principal Carrier or Agent
Correct Concept of Document Submission Period After Shipment
The Vessel or Ports of Shipment Specified in the Bill of Lading
How to Use International Delivery Terms for Goods
Exceptions in Cargo Insurance Policies

Training Program Locations

The courses are held in the following countries:
Egypt, Jordan, Malaysia, Turkey, England, France, Italy, Germany, Sweden, Austria, Denmark, as well as Australia and the United States of America.
Courses are provided at a time and place suitable for your work and schedule.

Training Program Delivery Modes

• Group Training at Academy Locations

• Individual Training

• On-the-Job and Practical Training with Advanced Methods

• Theoretical Training in Dedicated Classrooms at the Academy

What Will Participants Receive from the Training Program?

After completing the course, participants will receive a certificate accredited by the British Academy for Training and Development for attending the mentioned training program.

Note:

We can deliver this course at a time and place that suits you.
This course is provided with high standards for important personalities. For more information, contact the British Academy for Training and Development team.