Outcomes
- Types, characteristics and uses of documentary and standby letters of credit
- Rules and trade terms
- Parties to documentary credit transactions and their roles and obligations
- Types and methods of payment/ credit used in documentary credit transactions
- Types of transport, commercial and financial documents used in documentary credit transactions
- Related products including letters of indemnity
- Implications of breaching rules including money laundering and terrorist financing
Summary
CDCS allows documentary credit practitioners to demonstrate practical knowledge and understanding of the complex issues associated with documentary credit practice.
It is the professional qualification recognised worldwide as the benchmark of competence for international practitioners. CDCS provides the skills required to perform effectively in a fast-paced commercial international trade environment.
Contents
Principles and Practices of Documentary Credit Transactions