From zero knowledge to confident bank-instrument reading.
Choose a learning track. Documentary LC has 12 core lessons; SBLC has 10. Each lesson is short on purpose.
Letter of Credit course
Trade payment, usance, shipment, documents, discrepancies and financeability.
What is a Letter of Credit?
Understand the basic purpose before learning any bank language.
Who is Who in an LC?
Learn the buyer, seller and bank roles without memorising jargon.
How an LC Moves from Start to Payment
See the normal flow in six small steps.
Sight LC vs Usance LC
Understand when money is due and why '60 days' matters.
What is an MT700?
Learn what the SWIFT message is and what it is not.
Dates, Shipment and Expiry
Learn which dates can stop a good deal from becoming a good presentation.
Documents Required — Field 46A
Understand why a large LC can still be hard to use.
Bill of Lading and Other Transport Documents
Learn why transport wording often becomes the practical heart of the LC.
Presentation and Document Checking
Learn what happens after the documents reach the bank.
Discrepancies and Refusal
Learn what can go wrong even when the trade is real.
Confirmation, Transferability and Amendments
Three words that are often mixed together.
Financeability, Negotiation and Discounting
Learn what people often mean when they say 'monetise the LC'.
SBLC course
Standby purpose, ISP98, MT760, demands, expiry, transfer and financeability.
What is a Standby Letter of Credit?
Understand the standby idea before learning MT760.
Who is Who in an SBLC?
Learn applicant, issuer, beneficiary, adviser and confirmer without jargon.
How an SBLC Works from Issue to Demand
See the normal standby lifecycle one step at a time.
Financial, Performance and Direct-Pay Standbys
Learn the main standby purposes and common market labels.
ISP98, UCP 600 and the Rules Around a Standby
Understand the rules without becoming a lawyer.
What is an MT760?
Learn the structured SWIFT message used for a standby or demand guarantee.
Demands, Claim Documents and Presentation
Learn what the beneficiary may need to present to draw.
Expiry, Automatic Extension and Non-Extension
Understand fixed expiry, automatic extension and non-extension.
Confirmation, Transfer, Assignment and Amendments
Keep four commonly mixed ideas separate.
SBLC Financeability, Monetisation and Red Flags
Learn how to think about funding without believing marketing slogans.