Complete course
From zero knowledge to confident LC reading.
There are 12 core lessons. Each one is short on purpose.
Lesson 018 min
What is a Letter of Credit?
Understand the basic purpose before learning any bank language.
Not completed
Lesson 0210 min
Who is Who in an LC?
Learn the buyer, seller and bank roles without memorising jargon.
Not completed
Lesson 0310 min
How an LC Moves from Start to Payment
See the normal flow in six small steps.
Not completed
Lesson 0412 min
Sight LC vs Usance LC
Understand when money is due and why '60 days' matters.
Not completed
Lesson 0512 min
What is an MT700?
Learn what the SWIFT message is and what it is not.
Not completed
Lesson 0612 min
Dates, Shipment and Expiry
Learn which dates can stop a good deal from becoming a good presentation.
Not completed
Lesson 0714 min
Documents Required — Field 46A
Understand why a large LC can still be hard to use.
Not completed
Lesson 0815 min
Bill of Lading and Other Transport Documents
Learn why transport wording often becomes the practical heart of the LC.
Not completed
Lesson 0914 min
Presentation and Document Checking
Learn what happens after the documents reach the bank.
Not completed
Lesson 1015 min
Discrepancies and Refusal
Learn what can go wrong even when the trade is real.
Not completed
Lesson 1116 min
Confirmation, Transferability and Amendments
Three words that are often mixed together.
Not completed
Lesson 1218 min
Financeability, Negotiation and Discounting
Learn what people often mean when they say 'monetise the LC'.
Not completed