Training Details
First day
The concept of documentary credit and its characteristics.
÷ Types of documentary credits.
÷ Documentary credit contract.
The effects of holding a documentary credit:
× Obligations of the ordering client.
× Obligations of the originating bank.
× The obligations of the correspondent bank.
× Obligations of the supporting bank.
× the obligations of the beneficiary.
the second day
÷ The legal basis for the bank's obligation to pay the value of the documentary credit to the beneficiary.
÷ Termination of the documentary credit contract.
the third day
The responsibility of the bank when executing the documentary credit contract:
× The responsibility of the bank towards the customer is the matter when opening the documentary credit.
× The responsibility of the bank towards the implementation of the accreditation contract.
× The responsibility of the bank towards the beneficiary.
× The responsibility of the bank towards the correspondent bank and the supporting bank.
the fourth day
÷ Special applications for the documentary credit contract:
× The case of imposing judicial custody on the ordering client.
× The case of changing the legal form of the ordering client.
× Reservation status on the ordering client.
× Declare the bankruptcy of the commanding client.
× The case of imposing judicial custody on the beneficiary.
× The case of changing the legal form of the beneficiary.
× The status of the reservation on the beneficiary.
× Declaration of bankruptcy of the beneficiary.
The fifth day
÷ Models and Applications:
× Request to open a documentary credit.
× A declaration form written by the customer in favor of the bank.
× The bank's authorization form and its power of attorney in legal matters when executing the accreditation contract.