Centre for Continuing Education
Program on
Letter of Credit &
Incoterms® 2020
Batch – 8
March 19-20-21, 2025 | 3 PM to 5 PM | Virtual (MS Teams)
Centre for Continuing Education
Adani University – Centre for Continuing Education
Adani University is a research-intensive educational institution set up to empower by focusing on real-world problems. AU-CCE is poised to enable, empower, and enhance your learning appropriate to your profession. The AU-CCE offers a wide spectrum of programs, that are specifically designed for practicing managers, at various points in their careers, helping them up-skill and progress. These programs are designed and delivered by a rich pool of distinguished faculty, industry experts and highly experienced practitioners.
Program Overview
Letter of Credit (LC) is a payment term mostly used for long-distance and international commercial transactions. LCs form an integral part of International Trade. Importers, Exporters world over as well as their respective banks deal with LCs on a regular basis. The transactions under LCs provide much needed security of payment to an exporter and assurance of delivery to the exporter. It is observed that knowledge in this vital area is always not up to date with the organizations operating under this mechanism.
Incoterms® 2020 constitute basic contractual obligation between Importers – Exporters. It is observed that in most instances Exporters – Importers under various Incoterms only look at cost implication and not title implication. This leads to heavy monetary losses many a times besides causing misunderstanding between Importer & Exporter.
Program Coverage
Basic Knowledge of LC
- Type of LCs – Sight LCs, Usance LCs, Standby LCs, revolving LCs, others
- When and which type of LC to be opted as per scenario and their operations
- Definitions & parties to LC
- Laws regulating the LCs – Which type of transactions are not permitted vide LCs, sanction related laws etc.
- Who can open LCs (credit worthiness & basic requirements)
- Advantages/disadvantage, benefits etc.
Bank related information
- Criteria for selection of banks for opening the LC
- Negotiating bank
- Advising banks
- Involvement of banks and their role/charges.
Documentation
- List of documents required
- Flow of documents
- Mandatory documents (if any)
- Confirmation & amendments of LC
- Overview of Uniform Customs & Practice (UCP) 600
Cost involved in opening of LC
- Opening charges
- Interest/usance
- Document discrepancy related actions/charges
- Other charges etc.
Payment Terms
- Points to be taken care while negotiating an LC format and payment terms under LC including Negotiations & Settlements
- Who will pay to whom
- Concept of Bills of exchange
- When in different types of LCs
- When to repay
Export Import Concepts
- Export Import Contract
- Exporters & Letters of Credit
- Importers Letters of Credit
- Incoterms® 2020
Facilitator
Mr. S.M. Chaturvedi
Mr. Chaturvedi, a law graduate and postgraduate in management & commerce, is an experienced senior management consultant in International Business besides being a visiting faculty with leading institutes of management in India. He is corporate trainer, having conducted more than 6500 seminars in major Indian cities on various aspects of foreign trade and had done over 300 customized training programs. He possesses over 2 decades of corporate experience and over 30 years of consulting experience.
- Who should attend
Working professionals handling
International procurements
Techno-Commercial professionals
Finance professionals
Professionals associated with
International Trade functions
Importers & Exporters
Professionals in Banking & Financial Services
- When & Where?
| Date | March 19, 20, 21 (Wednesday, Thursday, Friday) |
| Mode | Live Virtual |
| Timings | 3 PM to 5 PM |
| Learning Platform | MS Teams |
| Duration | 6 hours |
| Last Date to Register | March 14, 2025 |
Investment
Rs.5000/- per participant plus taxes. The fee includes program fee, digital handouts, and e-Certificate of participation from the University.
Special 10% discount for the Adani Group Participant, and concession of 20% in case of nominating more than 3 participants from same organization
Note: Batch size limited to 30 seats only.
