Different types of letters of credit explained, how to effectively use a letter of credit to finance procurement.

Back to Back & Standby LCs explained
Understand what a Standby Letter of Credit (Standby LC) is and why it is infrequently used. Similarities and dissimilarities between a Back-to-Back Letter of Credit and a Transferable Letter of Credit and the risks associated with each.

Letters of Credit - Types
Different types of LCs and their applications explained and how to effectively use the right LC to finance procurement. Understand the operational risks and the level of payment security under different types of LCs.

Letters of Credit - Basics
What is a Letter of Credit? Terms associated with a Letter of Credit, significance of last date of shipping, risks involved.

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