Address
Iraq, Baghdad
Al Harthya st.

Course Objective :-

  • Familiarizing participants with sales contracts in international trade in terms of their contents and means of payment in foreign trade (advance payment – bills of collection – documentary credits).
  • Introducing the participants to the documentary credits cycle and the relevant parties
  • Familiarizing participants with the documents required for documentary credits.
  • Introducing the participants to the Unified Principles and Usages Bulletin for Documentary Credits UCP600
  • Familiarizing participants with the INCOTERMS2020 international commercial terms.

Course Thread :-  

  • Sales contracts in international trade and means of payment in foreign trade (advance payment – bills of collection – documentary credits).
  • INCOTERMS2020 International Business Terminology.
  • The course of documentary credits, related parties, responsibilities and obligations arising from them, and the contractual relationship between them:
    • The applicant for the issuance of accreditation.
    • The issuing bank.
    • The amount bank.
    • The confirming bank: definition of reinforcement, explanation of reasons for requesting reinforcement.
    • The named bank: clarification of the concept of Restricted Credit and free-of-circulation credit
    • Covered bank.
  • Types of documentary credits in terms of the strength of the guarantee for the beneficiary and the method of availability in the documentary credit:
    • Loyalty: perusal credits – acceptance credits – deferred payment credits.
    • Negotiation Credits
  • The following types of documentary credits:
    • Transferable credit.
    • The accreditation issued by the strength of the accreditation incoming
    • Approving the down payment
    • Dependence vertigo
    • Approval of the guarantee
  • Conditions and terms to be met in documentary credits as per UCP600:
    • The value of the credit.
    • The date and place of validity of the credit.
    • Deadline for shipping and shipping periods.
    • The period for submitting documents.
    • Margins to allow the value, quantity, and unit price in documentary credits.
    • Partial shipment and Qatarization of all modes of transport and the exceptions that must be taken into account and mentioned in the unified rules and customs of documentary credits, Bulletin No. 600 when preventing the Qatarization.
    • Correspondent banking commissions and expenses.
    • Description of the goods or service.
  • Amendments to the documentary credit.
  • The documents required for documentary credits and their submission (the corresponding documents, the contradictory documents, and the rejection notice).

Target group :-  

  • Managers of appropriations, external letters of guarantee, remittances, and their employees
  • Managers of international departments and their employees
  • Trade finance managers and their employees
  • Operations managers and their employees
  • SWIFT managers and their employees
  • Parties related to financial and banking work
  • Employees of commercial and industrial companies working in the field of import and export.
EN
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