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Earn 12 CPD's

12 Hours
Online Training
Mentor 600

Mentor 600

€300

Mentor 600 is the most comprehensive online training available in letters of credit and the UCP 600 rules. The aim of the course is to provide a firm foundation in the operation of documentary credits and the application of the UCP 600 rules. This course will cover the following:

  • 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 and the correct terms and conditions to include in an LC
  • Role and responsibilities of the parties involved
  • Types of Payment: sight/deferred/acceptance/negotiation and undertaking to honour or negotiate
  • Taking up documents or issuance of a notice of refusal
  • Examination of documents presented under letters of credit

ICC Approved online training in UCP 600.

Earn 12 CPDs for CDCS®, CSDG® and CSCF® recertification

The course content is written by Gary Collyer, Technical Adviser to the ICC banking Commission, and Chair of the UCP 600 Drafting Group.

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Course Overview

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.

Lesson 1 - Introduction

Lesson 2 - DC cycle overview

Lesson 3 - Issuing a DC

Lesson 4 - Advising bank handling of DC

Lesson 5 - Beneficiary review of DC and presentation

Lesson 6 - Nominated bank handling of documents

Lesson 7 - Issuing bank undertaking

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.

Lesson 8 - Standard for examination of documents

Lesson 9 - Commercial invoice

Lesson 10 - Bill of lading

Lesson 11 - Non-negotiable sea waybill

Lesson 12 - Charter party bill of lading

Lesson 13 - Combined transport document

Lesson 14 - Air transport document

Lesson 15 - Road, rail and inland waterway

Lesson 16 - Courier and post receipts

Lesson 17 - General provisions for transport documents

Lesson 18 - Insurance documents

Module 3

Case Studies

This module enables users to put the understanding of the operation of letters of credit and the application of UCP 600 into practice through a series of interactive case studies.

The areas covered include:

  • 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

Case Study 1 - Completion of DC application

Case Study 2 - Beneficiary review of DC

Case Study 3 - Document checking 1

Case Study 4 - Document checking 2

Case Study 5 - Document checking 3

Module 4

ASSESS YOUR UNDERSTANDING OF THE SUBJECT MATTER BY TAKING OUR ASSESSMENT

This module provides a comprehensive assessment for trainees to test their knowledge on Documentary Credits and the UCP 600 rules.

Successfully complete the Assessment to receive an “ICC Certificate of Achievement” and qualify for 12 CPD's towards CDCS ®, CSDG ® and CSCF ® recertification.

Module 5

Resource

UCP 600 Rules

Module 6

Keywords

Keywords in International Trade

Module 7

Glossary

Glossary of International Trade Terms

Pricing

1 to 9 trainees

€300 .00
  • per trainee

10 to 49 trainees

€250 .00
  • per trainee

50+ trainees

€200 .00
  • per trainee

testimonials

Mentor 600

Mentor 600 makes understanding letters of credit easy and allows me to follow the progress of each member of my team.

Sr. Trade Regulatory Specialist, USA

Mentor 600

Mentor is a wonderful training product to use from work or home.

United Nations Conference on Trade and Development (UNCTAD), Pakistan

Mentor 600

Comprehensive, well-structured, and valuable content. Case studies helped a lot!

Yanjinlkham Vanchindorj, Khan Bank, Mongolia

Benefits

Quality

Our online training courses are developed in collaboration with internationally renowned experts from around the world. Truly International – designed to be relevant for staff worldwide.

Consistency

As the training is delivered online, each member of your staff can be trained to an approved standard regardless of location.

Convenience

Trainees have access to the course material for 1 year as a reference tool. Using our learning management system (LMS), organisations can easily manage their staff training and keep track of trainees' progress and results.

Value for money

Save time and money by taking our courses online – discounts for volume orders – our courses are a very cost-effective way to train your staff.

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