Mastering Letter of Credits & Documentary Collection in Export Practices (Remote Online)

   HRD Corp Programme Number :10001639033

If you are looking for Physical Face to Face training for "Mastering Letter of Credits & Documentary Collection in Export Practices"  programme, please CLICK HERE

PROGRAMME OVERVIEW

This specialized program provides a deep dive into the technical and operational aspects of international trade payments, specifically focusing on the UCP 600 and URC 522 frameworks. In the world of global trade, letters of credit are governed by the "autonomy principle" and the "strict compliance doctrine," meaning banks fulfill payment obligations based solely on the presentation of required documents—regardless of potential contract breaches or defective goods.

Key Learning Pillars

  • Regulatory Mastery: Participants will gain a thorough understanding of the operatives of documentary credit and documentary collection in import-export trade.
  • Risk Mitigation: The course teaches how to identify shortfalls and pitfalls within the transportation chain, covering shipping operation risks from pre-departure to post-arrival.
  • Documentary Precision: Detailed focus is placed on the examination of Commercial Invoices, Bills of Lading, and Air Waybills, including compliance issues like transshipment and partial shipments.
  • Strategic Comparison: Executives will learn to analyze various payment methods—including Open Account, Documentary Drafts, and Cash on Delivery—to understand the shifting levels of risk between buyers and sellers.

Download Brochure and Registration Form from HERE

Training Date :
7th - 8th May 2026
3rd - 4th December 2026

 

 

OBJECTIVES

By the end of this workshop, participants will be equipped to:

  • Master Trade Operatives: Gain a deep understanding of how documentary credit and documentary collection function within the import-export trade cycle.
  • Mitigate Payment Risks: Identify and familiarize yourself with the common shortfalls and pitfalls that occur in the transportation chain between exporters and importers.
  • Manage Documentation & Shipping Risks: Learn to navigate complex trade documentation and shipping operation risks from pre-departure through post-arrival of shipments.
  • Understand Regulatory Frameworks: Comprehend the "autonomy principle" and "strict compliance doctrine" that govern bank decisions under UCP 600 and URC 522.

COURSE OUTLINE

DAY 1

9.00am to 10.30am

  1. The Principles of Documentary Credits / Collection and Method of Payment commonly in use

    • The Open Account
    • Documentary Drafts
    • Letters of Credits
    • Payment in Advance
    • Cash On Delivery
    • On Consignment

10.30am to 10.45am

Break

10.45am to 12.30pm

  1. The features and Differences between

  • Irrevocable Confirmed Credit
  • Irrevocable Unconfirmed Credit
  • Revocable Credit

12.30pm to 1.30pm
Lunch

1.30pm to 3.15pm

  1. The Common Conditions of LC and prevailing instruction discrepancies in existence

  • Terms and Factors related to shipping operation
  • Trading customaries
  • Documentation of statutory requirements
  • Time Limitations

3.15pm to 3.30pm

Break

3.30pm to 5.00pm

  1. The Common Conditions of LC and prevailing instruction discrepancies in existence (Con’t)

  • Terms and factors related to
    • Clean and Claused Bill of Lading
    • insurance provisions and exclusions
    • conditions of invoice and related documents

DAY 2

9.00am to 10.15am

  1. The Comparison levels of various methods of payment used in Internation trade

  • Analyzing the order of decreasing risk to the seller and increasing risk to the buyer
  • Goods availability to buyer
  • Time of payment and implications
  • The process of Letter of Credit and Documentary Collection highlighting the critical stage and collusion point between seller and buyer

10.15am to 10.30am

Break

10.30am to 1.00pm

  1. The UCP 600 Implementation & the Standard of Examination Documents from Bankers

  • Featuring the compliance issues of the
    • Commercial Invoice
    • Conflicting Issues of the Bill of Landing and
    • Air Waybill in used
  • Featuring the constraints issues of
    • Transhipment Allowed and Not Allowed
    • Cargo on Deck and Below Deck
    • Partial Shipment Status

1.00pm to 2.00pm
Lunch

2.00pm to 3.15pm

  1. The Prevailing Conditions of Using Documentary Collection in International Trade

  • The implied undertakings of documentary collection and the respective advantages and disadvantages
  • The URC 522 implications and the types of payment and parties involved in the process 

3.15pm to 3.30pm

Break

3.30pm to 5.00pm

  1. Awareness of types of risks in the Financial and Commercial Circles in International Trade

  • The Buyer’s Credit Risk and the Bank Risk in the usage of Documentary Credit Terms of Payment
  • The Buyer’s Credit Risk and the Contract Risk in breaching the Stipulated Terms and Conditions

Download the Course Content in pdf from HERE

Methodology

This program is delivered as a workshop-based seminar. Participants are engaged through practical assignments and case studies, supported by professional PowerPoint presentations and comprehensive course notes

Who should attend?

This course is specifically designed to provide high-value insights for both financial and operational professionals:

Mandatory for Core Finance & Operations

This training is essential for executives responsible for the financial integrity and execution of trade deals, including those in:

  • Trade Payment and Finance
  • Sales and Export Operations
  • Credit Control and Order Management

Highly Recommended for Logistics & Supply Chain

Non-finance executives will find this course enriching to better understand how their roles impact payment security, particularly those in:

  • Shipping and Logistics
  • Distribution and Supply Chain Management

FACILITATOR

Master Trainer Profile: Stephen Kum

Accredited HRDC trainer (TTT/0484 Feb 2007) (COA/6144 May 2023)
Fellowships in : The Institute of Freight Association, The Institute of Logistics & Transport, The Institute of Business Administration.
Former Vice Chairman of the Persatuan Logistik Selangor
Co-founder of the Global Logistician Network (GLN).

 

Mr. Kum possesses over 30 years of hands-on experience in vital aspects of global commerce, including import/export trade, global procurement, freight forwarding, logistics operation, and supply chain management. His career trajectory showcases a depth of executive experience and significant industry recognition.

Global Executive Experience

Mr. Kum has held pivotal senior positions with international corporations, giving him a practitioner’s insight into global operations:

  • Managing Director of Transatlas Cargo, a global logistics provider with networks in the UK, USA, and Asia Pacific.
  • Country Manager of Esprit Shipping (HK).
  • Sales Director with Karl Schroff Associates (US).
  • Business Development Manager with Port Cargo International (UK).

Consultancy and Expertise

His consultancy focuses on providing strategic solutions in high-risk and complex areas of trade:

  • Incoterms Contracting.
  • Trade Documentation.
  • Shipping Risks Management.
  • Purchasing Supplying Competencies.

Academic and Training Contributions

Since 2002, Mr. Kum has been actively involved in corporate training and competency development programs. His work spans national corporations, industry associations, multinational companies, and global market leaders.

Click Here to Download Mr. Stephen Kum Profile

Course Fees & Registration 

FEE PAYABLE PER PARTICIPANT :

Normal Price                                          : RM2,039

Early Bird (15 days before event)       : RM1,688

Group Fee (>2 participants)                : RM1,518

Fee includes course materials and Certificate of Attendance (upon completion of the training).

Download Registration Form HERE and sent it to us by

Email :sales@wanfahprosper.com

WhatsApp : +60162634929 / +601159403399

CANCELLATION / TRANSFER

Upon registering, participant(s) are considered successfully enrolled in the event.  Written cancellations / transfer notice (substitution or to later dates) received :

  • More than ten (10) working days before the event, a refund (less administrative charge of 15%) will be made.
  • Ten (10) working days or less before the event, no refund will be made.
  • For no show on the day of the event, full payment is required. If you cannot attend the event, you can nominate a substitute at any time without payment of an administration fee.
  • A full (100%) refund may be granted if the course is cancelled by Wanfah Prosper PLT (WFP). WFP reserves the right to postpone or cancel the event and / or change facilitator at any time should circumstances beyond its control arises. WFP also reserve the right to make alternative arrangements without prior notice should it be necessary to do so.

Payment

Please make cheque payable / direct credit to :WANFAH PROSPER PLT

Accounts Number : 3812930508

Bank : Public Islamic Bank Berhad

DATA PROTECTION

Personal Data is gathered in accordance with the Personal Data Protection Act 2010 (Act 709)
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