Certificate in Letter of Credit Administration (Part Time) | Singapore Institute of Materials Management SIMM
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Summary
- Objectives: To assist newly appointed warehouse personnel in the understanding of warehouse operation. To upgrade the technical skills of warehouse personnel.
- Who Should Attend: Shipping Clerks; Clerks in Trading Company & Import / Export Company; Freight Forwarding Company; to Manufacturing Company and newly appointed warehouse personnel as well as those who wish to embark on a career in related industries.
- Duration: 21 hours
- Award of Certificate: Awarded by Singapore Institute of Materials Management (SIMM). To achieve the award of Professional Certificate in Letter of Credit Administration, candidates must pass the final examination with a total score of 50 or higher, and attend at least 75% of the sessions.
- Entry requirements: Participants should possess 3 GCE O levels or equivalent qualification. Those who do not meet the entry requirement maybe considered on a case by case basis. Participants must be members of SIMM
- Fees: SGD 470
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Course Content
- The Nature & Purpose of Documentary Credit
- Types of Credit –Revocable & Irrevocable Credit
- Banking Practice for Documentary Credit Forms
- Extract of Uniform Customs & Practice For LC
- Compiling with the Letter of Credit Terms
- Letter of Credit Negotiations
- Ensuring of Accurate LC Documentations
- Dealing with Discrepancies
- Finance of Overseas Trade
- Maritime Fraud
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