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Updated in [July 27th, 2023]
This course provides an introduction to the basics of Letter of Credit (LC) for new learners. It covers topics such as the definition, parties involved, the UCPDC, advantages for both the seller and buyer, the issue of LC, types of LC, and documents under LC. Additionally, it provides insight into the credit implications of LC for bankers. Structured in a self-paced learning style, this course is designed to help learners strengthen their foundation in LC.
Course Syllabus
Introduction
UCPDC
Advantages
Issue of LC
Types of LC
Key Matters
Last Section