Participants will gain practical skills and knowledge to:

• Supervise the preparation and authorization of journal vouchers before posting to company accounts.
• Control and oversee all documents received or issued by bank accounting departments.
• Implement financial procedures in banks and financial institutions effectively.
• Supervise annual inventories and ensure accuracy in documentary credit transactions.

Documentary Credits

• Definition, types, parties involved, and the documentary credit cycle.
• Payment methods: open account, advance payment, collection documents, documentary credit (pros and cons for buyers and sellers).
• Roles of issuing, advising, confirming, covering, beneficiary, and nominated banks.
• Benefits of documentary credits in international trade.
• Reviewing documentary credit applications and different types: revocable, irrevocable, confirmed, transferable, back-to-back, standby, advance payment, divisible, intermediary, and domestic credits.

Documentary Collections

• Types and significance in international trade.
• Parties involved and banks’ responsibilities.
• Economic considerations, procedures, and implementation issues.
• Key documents and standard rules governing collections.

Shipping Documents

• Differences between marine, land, and air bills of lading.
• Bills with pre-shipment dates and long-term vs. short-term bills.
• Conditions for signing and correct submission periods.
• Specifying vessels or ports of shipment and applying international delivery terms.
• Exceptions in cargo insurance policies.

• Directors of companies and institutions.
• Business professionals aiming to enhance banking management skills.
• Business administration students and graduates.
• Bank managers and departmental staff.
• Accountants and their assistants in banks.
• Anyone interested in developing expertise in managing documentary credits.