Documentary Credits Course (Basic Level)

The British Academy for Training and Development offers the Credit Credits (Basic Level) course to anyone who wants to acquire great skills in working in capital markets and gain experience in managing banks. Documentary credits are one of the most common methods in the field of international trade and financing, guaranteeing each of the exporting and importing parties their rights if they comply with the agreed terms through the mediation of the banks that assume responsibility according to the specific conditions and procedures. Where the banks issue obligations to pay if the documents are received within the agreed terms, documentary credits are considered as a guaranteed means for sellers in order to obtain the price of the goods within the credit from the banks and not from the buyer and guarantee the receipt of the value of the goods in return for the submission of the documents corresponding to its terms. The seller also obtains the value of the goods upon the submission of the shipping documents without waiting for buyer's receipt.