Understanding Letter of Credit

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Looking to enhance your knowledge and skills in understanding Letter of Credit? Look no further than ASIF INTERNATIONAL (M) SDN. BHD.'s HRDC certified training program in Malaysia. This comprehensive program covers all aspects of Letter of Credit, including its importance, types, and best practices to ensure smooth transactions.

With experienced trainers and practical examples, participants will gain a deep understanding of the intricacies of Letters of Credit and how to effectively manage them in their day-to-day operations. Request a quote today to learn more about this valuable training program and take your expertise to the next level.
Learning Objectives

1. Understand the purpose and importance of a Letter of Credit (LC) in international trade, including how it provides security and assurance to both the buyer and the seller.

2. Learn the key components of a Letter of Credit, including the roles and responsibilities of the various parties involved (e.g. applicant, beneficiary, issuing bank, advising bank).

3. Gain knowledge of the different types of Letters of Credit, such as revocable vs. irrevocable LCs, confirmed vs. unconfirmed LCs, and sight vs. usance LCs, and how to determine which type is most suitable for a particular trade transaction.

Content Delivery Method

Physical, Hybrid

HRD Corp Certified Course


Duration and Language

1 to 2 days, English

Target Audience

Suitable for employees at all levels

Key Skillset Addressed

1. Document review
2. Risk assessment
3. Negotiation skills