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International Trade Finance and Letters of Guarantee
International Trade Finance and Letters of Guarantee
Training Activity Rate
Trainer/s
خلدون كراجة
Training activity Hours
12
Training activity Date
-
Training Activity Days
Monday
Tuesday
Wednesday
Thursday
Start and End Time
17:00 - 20:00
Training Activity Classification
Support Operations
Course Language
English
Methodology
In class
City
Amman
Type of Training
short courses
Deadline for registration
Price For Jordanian
96 JOD
Price For Non Jordanian
240 US$
Outcomes

By the end of this training course, trainees will be able to :
-    Identify the risks related to foreign trade.
-    Identify the role of banks to mitigate such risks.
-    Classify the components of a sale contract.
-    Understand the purpose and Scope of Incoterms2020 rules.
-    Identify the four method of payments.
-    Understand Documentary Collections in accordance to URC 522:
-    Identify the cycle of collection.
-    Identify why documentary collection is used.
-    Know the definitions of the documentary collections.
-    Identify Parties of a collection and banks role under same.
-    Understand Documentary Credit (Letter of credit) as a method of payment in accordance to UCP 600:
-    Identify the importance and definition of a documentary credit .
-    Identify the cycle of a documentary credit.
-    Identify the benefits of documentary credit .
-    Identify the parties and related parties of a letter of credit.
-    Determine the responsibilities of the banks under LC.
-    Identify the types of letters of credit .
-    Understand the concept of Letters of Guarantee.
-    Identify the parties of guarantees.
-    Identify the relationships under the guarantees.

Target Group

-    The banks’ employees who work in Trade Finance and Credit sections.
-    Private and Public Sectors’ employees who deal with trade transactions.

Pre-requisites

-    The banks’ employees who work in Trade Finance and Credit sections.
-    Private and Public Sectors’ employees who deal with trade transactions.

Contents

-    Risks Related to Foreign Trade .
-    Foreign Trade Deal and Contract of Sale Components.
-    Terms of Delivery (Incoterms®2020).
-    Shipping (Commercial) Documents .
-    Terms (Methods) of Payment in International Trade.
-    Documentary Collection .
-    Documentary Credits (Letters of Credit).
-    Letters of Guarantees.
-    Parties of the Letters of Guarantees.
-    The importance of the Guarantees to the related parties .
-    The Independent Relationships under Guarantees.
-    Types of Guarantees .
-    Local Guarantees:
-    The Cycle .
-    Issuance.
-    Amendments.
-    Liquidation .
-    Cancellation .
-    Foreign Guarantees :
-    The Cycle.
-    Issuance.
-    Amendments.
-    Liquidation .
-    Cancellation.

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