Management Skills for Critical Managers
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Letters of Credit
Letters of Credit

INTRODUCTION

Managers, Marketing Officers and Accounts Executives involved in financing trade must have some knowledge of trade financing procedures especially:
• Common terminologies used in trade
• International Commercial Terms.
• Common trade documents
• ICC Rule – UCP 500.
• Trade cycles of Letters of Credit (LC)
• How to open an LC
• What are discrepant documents
• How to handle discrepant documents
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