Letter of Credit (LC) & Governing Rules

This program will explain the ground rules of Letter of Credit based on UCP 600, ISBP 745, URC 522, URR 725 rules and also samples of fraud related to LC and how to identify and mitigate them.  We will also discuss the usage of e-UCP and e-URC related to the current pandemic condition and how all parties mitigates their risks in the process. 


After completion of this program, participants will be able to:
* Understand the concept and fundamentals of Letter of Credit and its governing rules i.e. UCP 600, ISBP 745, URC 522, and URR 725 and also the additional e-UCP ver 2.0 and e-URC ver 1.0 in order to minimize risk in the International Trade.
* Understand the samples of fraud related to LC and how to mitigate them.

Certificate of completion (supplied by PasarTrainer)

Training Material

A multiple-choice test to assess the participants' proficiency level prior to enrolling in the training program.

Pre-Test (30 Questions - Closed Book)

- The understanding of SKBDN and how it is structured based on PBI 5/6/2003 (with real case sample)

This module explains the fundamentals concept of Local Letter of Credit (SKBDN)

SKBDN and PBI no.5/6/2003

 - The understanding of URC 522 and URR 725 how it is used in LC transaction

This module explains the use of URC 522 and URR 725 in relation to Letter of Credit 

URC 522 and URR 725

- The understanding of ISP 98 and URDG 758 and how it is used in SBLC/Bank Guarantee transaction


This module explains the use of ISP98 vs URDG 758 in relation to Standby LC and Bank Guarantee

ISP98 and URDG 758

- To be able to identify fraud related to LC and how to mitigate them.

This module explains some cases of fraud related to LC

Fraud related to LC and its mitigation

- The understanding of L/C and how it is structured based on UCP 600
- The use of UCP and e-UCP to mitigate risk during pandemic

This module explains the fundamentals concept of Letter of Credit

Letter of Credit and UCP 600 and e-UCP ver 2.0

- The understanding of ISBP 745 and how to implement it as a compliment to UCP 600

This module explains the use of ISBP 745 in relation to UCP 600

ISBP 745

A multiple-choice test to assess the participants' proficiency level after enrolling in the training program.