Training Package In Procedures for Letters of Bank Guarantee and Documentary Credits – Matrial Drive

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You will be able to identify the key elements of the banks letter of guarantee as well as the international rules and norms related to it. You will also be familiar with the concept, and procedures of documentary credits and the rights of all parties in this area

What Will I Learn?

  • Know the concept, parties, characteristics and elements of bank letter of guarantee
  • Understand the importance and value of banks letters of guarantee
  • Define the responsibilities and obligations of the bank, customer and beneficiary
  • Know the concept and origin of documentary credits and their importance
  • Identify the parties and procedures for documentary credits
  • The concept and importance of the bank guarantee letter
  • The parties to the letter of guarantee
  • Characteristics of the letter of guarantee
  • Elements of the letter of guarantee
  • The responsibilities and obligations of the bank who issued the guarantee

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