International Trade Transaction Based On ICC Rules

Certificate of completion (supplied by PasarTrainer)

Training Material

* Issuance of the counter-guarantee 
* Issuance the local guarantee 
* Demand Guarantee Four-Party/Counter Guarantee 
* Law and Jurisdiction Four-Party/Counter Guarantee 
* Local guarantee Local Law 
* Counter Indemnity Foreign Law


Counter-guarantee/ Counter-guarantor

* Introduction
* What does it mean?
* How to chose the appropriate INCOTERMS rule?
* Main features of INCOTERMS rules
* What the Incoterms rules do & do not do
* Terms used in the incoterms 2020
* Change in the acronym for DAT to DPU
* Overview of COVID-19 and Incoterms 2020 – D is for delay
* Overview of the Key Changes in Incoterms 2020
* Insurance
* How to Use Incoterms
* Rules For Any Mode or Modes Of Transport (EXW, FCA, CPT, CIP, DAP, DPU, DDP)
* Rules For Sea and Inland Waterway (FAS, FOB, CFR, CIF)
* Real-life scenarios & case study
* Summary

The Application Of Incoterms 2020 On Trade Transaction

* What is a transferable credit?, why transfer an LC?, What creiteria apply to transfer? 
* Risks in transferable LC A transferable letter of credit is a credit under which the beneficiary (first beneficiary) may request the transferring bank to make the documentary credit available in 
* whole or in part to one or more other beneficiaries (second beneficiary). o What is a transferable credit?
* why transfer an LC?, What creiteria apply to transfer? 
* Risks in transferable LC

A transferable letter of credit is a credit under which the beneficiary (first beneficiary) may request the transferring bank to make the documentary credit available in whole or in part to one or more other beneficiaries (second beneficiary)

 Transferable LC:

1. Types of Bill of Lading
    * Multimodal B/L (By sea at least two different mode of transport)
    * Commercial B/L
    * Non Negotiable Sea Way Bill
    * Charter Party B/L
2. Risk and mitigation in handling Marine Transport Documents
    * Title, Negotiability and Transfer
    * Control over the Goods
    * Delivery Goods
    * Collateral/Security Held
3. Identification of B/L 
    * On Board Notation
    * Original/Negotiable and Non Negotiable
    * Consignee, Order Party, Shipper, Notify Party and Endorsement
    * Transhipment and Partial Shipment
    * Clean Transport Documents
    * Goods Description
    * Correction and Alteration
    * Freight Additional Cost
    * Demurage Charges
4. AIRWAY BILL
    * Key criteria 
    * Original for consignor or shipper
    * Consignee, order party and notify party


 Identification Transport Documents Based On UCP-600 Article 19-24

1. Introduction: 
     - What is a Letter of Credit? 
     - Why is it used? 
     - Sight and Time Drafts 
2. RISKS IN INTERNATIONAL TRADE: 
    - Economic risks 
    - Political risks - War risk 
    - Buyer Country risks 
    - Commercial risk 
    - Operational Risk 
    - Financial 
    - Country risks 
3. Tips for Exporter 
4. Tips for importer 
5. What are the risks in a letter of credit transaction? 
6. Examining the letter of credit earnestly 
7. Conflict between clauses of credit and related law 
8. Avaibility of Letter of Credit: 
    - With the issuing bank 
    - With a named bank (nominated bank). 
    - With any bank (any nominated bank) 
9. Available by Payment 
10. SOME OF THE MOST COMMON DISCREPANCIES 
11. Risk and Control Management 
12. Risk and Control by Banks 
13. Case study


Letter Of Credit Update On Current Situation

Membekali manajemen serta staff bank atau perusahaan yang berorientasi pada kegiatan 
eksport/import, yang bertujuan:
* Memfasilitasi peningkatan kompetensi sumber daya manusia sesuai dengan standard internasional
* Mengenal lebih lanjut karekteristik standar pembuatan dan pemeriksaan document terkait dengan metode pembayaran menggunakan Supply Chain Financing
* Memberikan pengetahuan dan ketrampilan dalam melaksanakan proses bisnis menggunakan Supply Chan Financing
* Meningkatkan tingkat kepatuhan dalam pelaksanaan proses bisnis ekspor impor