Trade Finance Training Suite: Mentor 600

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Testimonials

“Any UCP revision requires extensive training and understanding as to new concepts and practices. UCP 600 is no different. If you want your staff to be at the forefront of understanding and correctly applying the principles contained in UCP 600, there is only one place where you will obtain this from the comfort of your own desktop – Online training from Coastline Solutions. A must for all letter of credit professionals.”

Gary Collyer, United Kingdom, Technical Adviser to ICC Banking Commission and Chair of the UCP600 Drafting Group

Mentor 600 is the most comprehensive online training available in letters of credit and the UCP 600 rules. It is the only ICC-Approved online training in this area.

This course is aimed at beginners to Documentary Credit work or more experienced practitioners who require a comprehensive refresher course.

 

 

Contents

The course content is written by Gary Collyer, Technical Adviser to the ICC banking Commission, and Chair of the UCP 600 Drafting Group.

Mentor 600 consists of 12 hours of online training in the operation of letters of credit and the application of UCP 600.

The course is divided into 4 Modules:

Module 1 – DC Essentials

This module provides a firm foundation in the understanding of the function and operation of letters of credit and their risk characteristics compared to other traditional trade products.

The areas examined include:

  • The process involved in a typical letter of credit (LC) cycle
  • Considerations when issuing an LC including workability, credit line availability and  reimbursement
  • The correct content and delivery of LC amendments
  • The correct terms and conditions to include in an LC
  • Role and responsibilities of the parties involved
  • Types of Payment: sight/deferred/acceptance/negotiation
  • Undertaking to honour or negotiate
  • Taking up documents or issuance of a notice of refusal

Module 2 – Documents

This module examines each of the documents that can be presented under letters of credit and highlights how their data content must comply with the relevant provisions of UCP 600.

The areas/documents examined include:

  • Standard for examination of documents as prescribed by UCP 600
  • commercial invoice
  • bill of lading
  • sea waybill
  • charter-party bill of lading
  • combined transport document
  • air waybill
  • insurance documents
  • courier and post receipts
  • road, rail and inland waterway transport documents
  • other documents (as per sub-article 14(f))

Module 3 – Case studies

This module enables users to put the understanding of the operation of letters of credit and the application of UCP 600 into practice through a series of interactive case studies.

The areas covered include:

  • Completion of a letter of credit application
  • Beneficiary review of a letter of credit for workability
  • Document checking from the perspective of an issuing bank and nominated bank

Module 4 – Assessment

The assessment enables the trainee to test their understanding of Letters of Credit and UCP 600.

In each attempt of the assessment the trainee is presented with 40 multiple choice questions randomly selected from a database of questions. Full feedback is provided on all questions after each attempt.

 

 

What are the key benefits of Mentor 600?

Quality

The training content is written by Gary Collyer, Technical Adviser to the ICC Banking Commission, and Chair of the UCP 600 Drafting Group.

Consistency

As the training is delivered online, each member of your staff can be trained to an ICC approved standard regardless of location. Every trainee receives an ‘ICC Certificate of Achievement’ on completion of the course indicating their personal results.

Convenience

The training courses come complete with a Learning Management System so organisations can easily manage allocation of the training and keep track of trainees’ progress and results.

Value for money

With prices starting at EUR 300 per trainee – and discounts for volume orders – Mentor 600 is a very cost effective way to train your staff.

Discounts are offered for multiple orders as follows:

  • 1 to 9 trainees – 300 Euros per trainee
  • 10 to 49 trainees – 250 Euros per trainee
  • 50+ trainees – 200 Euros per trainee

 

 

Full training suite – special pricing

You can alternatively purchase the full suite of 5 training courses in traditional trade products for EUR 800 (a EUR 700 discount on the list price of purchasing the 5 courses).

Staff Contact:   Eric Robinson

Accounting and Claims Mitigation Analyst
Tel: 212.703.5078

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