Letters of credit and Bills of exchange

Letters of credit and bills of exchange are among the most important payment tools in foreign trade. This course aims to introduce the participant to the following matters:

• Definition of Letters of credit ( L/C )
• Types of Letters of credist .
• parties of Letters of credit.
• shipping methods.
• The importance and advantages of Letters of credit for the applicant and the beneficiary.
• Letters of credit risks
• INCOTERMS International Trade Terms
• Unified principles and customs of Letters of credit.
• Definition of Bills of exchange.
• Types of Bills of exchnage.
• parties of Bills of exchange.
• The importance and advantages of Bills of exchange.
• Collection policies course.

• Bank guarantees (letters of guarantee)

The course aims to introduce the participant to the following:

• Definition of bank guarantees.
• Types of bank guarantees.
• parties of bank guarantees.
• The importance and advantages of bank guarantees
• Bank guarantee risks

• Foreign banking operations.

The course aims to introduce the participant to the following:

• Money orders and bank checks
• Types of transfers
• Parties  of the transfer
• Advantages and risks of transfers
• Bank transfers course.
• Procedures for issuing a transfer.
• Bank checks issued
• Foreign checks for collection
• Correspondent banks
• Services provided by correspondent banks.
• Choosing a correspondent banks.
• The relationship between correspondent banks.
• Dealing in foreign currencies.
• Foreign currency dealing tool