This course aim to show the participants the practices of Letter of Credit, the shortfalls in the distribution chain from seller to buyer with bankers in between, and familiarize the financial and shipping risks from the flow of trade and transport documentation.


2 Days

Who Should Attend

Manager, Executives, Supervisors, Clerks and any personnel who are involved in procurement & purchasing, supply distribution, shipping and logistics.


By the end of the session, you would be able to:

  • Demonstrate the principles of documentary credits and method of payment commonly in use
  • Compare the various methods of payment used in international trade
  • Understand the practices of L/C would collide with the practices of shipping creating a level of contractual constraints
  • Aware of the shortfalls and pitfalls in the distribution chain from seller to buyer with bankers in between
  • Familiarize the financial and shipping risks from the flow of trade and transport documentation
  • Extend your professional skills and add your career value

Course Outlines

The Principles of Documentary Credits and Method of Payment Commonly in Use

  • The Open Account
  • Documentary Drafts
  • Letters of Credits
  • Payment in Advance
  • Cash On Delivery and On Consignment
  • The features and differences between irrevocable confirmed credit, irrevocable unconfirmed credit and revocable credit

The Common Conditions of L/C and Common Instruction Discrepancies in Existence Terms and factors related to:

  • Shipping operations
  • Trading customaries
  • Documentation of statutory requirements and time limitations
  • Clean and clause bill of lading
  • Insurance provisions and exclusions
  • Conditions of invoice and related documents

The Comparison Levels of Various Methods of Payment used in International Trade

  • Analyzing the order of decreasing risk to the seller and increasing risk to the buyer, goods availability to buyer, time of payment and implications
  • The process of L/C and Documentary Collection highlighting the critical stage and collusion point between seller and buyer

The UCP 600 Implementation & Standard of Examination Documents from Bankers

  • Featuring the compliances issues of the Commercial Invoice, the Bill of Lading and the Non Negotiable Seaway Bill
  • Featuring the constraints issues of Transhipment Allowed and Not Allowed, Cargo Deck and Below Deck, Partial Shipment Status

Inhouse Training Framework - ADDIE Model

In GIN, we will work with you to modify courses or develop one to meet the specific requirements of your business. To assure your investment on training is not wasted and to maximize the value of the in-house program, we apply the ADDIE model – a dynamic, flexible guideline for building effective training and performance support tools. You may learn more about ADDIE model here.

Contact Us for Quotation

Contact us now for training at the Venue and Date of your choice throughout Malaysia and Internationally. Do let us know what is your expectation, number of participants, participants' profile and your preferred date and venue.