Mentor 600
Train your staff with the most comprehensive online course available in letters of credit and the UCP 600 rules
12 hours of online training in the operation of letters of credit and the application of UCP 600, written by Gary Collyer, Technical Adviser to the ICC Banking Commission, and Chair of the UCP 600 Drafting Group
Module 1 - DC Essentials
This module provides a firm foundation in the understanding of the function and operation of letters of credit and their risk characteristics compared to other traditional trade products. Subjects covered:
- The process involved in a typical letter of credit (LC) cycle
- Considerations when issuing an LC including workability, credit line availability and reimbursement
- The correct content and delivery of LC amendments
- The correct terms and conditions to include in an LC
- Role and responsibilities of the parties involved
- Types of Payment: sight/deferred/acceptance/negotiation
- Undertaking to honour or negotiate
- Taking up documents or issuance of a notice of refusal
Module 2 – Documents
This module examines each of the documents that can be presented under letters of credit and highlights how their data content must comply with the relevant provisions of UCP 600. - Standard for examination of documents as prescribed by UCP 600
- commercial invoice
- bill of lading
- sea waybill
- charter-party bill of lading
- combined transport document
- air waybill
- insurance documents
- courier and post receipts
- road, rail and inland waterway transport documents
- other documents (as per sub-article 14(f))
Module 3 - Case studies
This module enables users to put their understanding of the operation of letters of credit and the application of UCP 600 into practice through a series of interactive case studies. Including:
- Completion of a letter of credit application
- Beneficiary review of a letter of credit for workability
- Document checking from the perspective of an issuing bank and nominated bank
Module 4 – Assessment
The assessment enables the trainee to test their understanding of Letters of Credit and UCP 600.
At each attempt of the assessment, the trainee is presented with 40 multiple choice questions randomly selected from a database of questions. Full feedback is provided on all questions after each attempt.
Price
300€ per trainee
Volume discounts as follows:
10 to 49 trainees - 250€ per trainee
50+ trainees - 200€ per trainee
Invoicing and payment are dealt with by our online training partner Coastline Solutions.