Course Duration: 25 hours

Modes of Payment

• Different modes of payments available with an analysis of their respective pros and cons
  and the costs involved
  
  

Letters of Credit

• Types of Letters of Credit—their pros and cons. Which LC is best suited
  in each scenario.
• Confirmed LC’s—what safeguards do they offer, what are the costs
  involved when should they be used.
• How to vet an LC to check it is workable
• Detect fraudulent LC’s and documents
• Draft the right kind of LC to safeguard the purchases you make.
• How to spot hidden costs in LC’s.
• Post UCP 600 scenario

Bank Guarantees

• Correct use of Bank Guarantees in different situations.
• Precise wording of Bank Guarantees.

Foreign Banks

• Points to take care in dealing with Foreign Banks that may not be well reputed.

IncoTerms

• Awareness of the latest Incoterms in use.
• Understand precise meaning of the terms.
• Use the right term in the right place.

Draft a foolproof Sales/Purchase contract

Commercial and Transport Documents

• Types of Shipping Documents
• Essential ingredients of documents - Invoice, Packing List, Bill of Lading etc.
• Legal effect of declarations/undertakings required to be made in Documents