Advance Your Trade Finance Career – Move to Documentary Credits in Just 2 Months In today’s competitive trade finance environment, Documentary Credits (Letters of Credit) remain one of the most respected and demanding domains. For professionals currently working in collections, payments, or open account operations, making a functional shift to LC operations offers a powerful…

Compliance is a Shared Responsibility: No Conflict with the Independence of Letters of Credit Author: Adv. Balaji KAS Introduction In the global trade finance landscape, compliance has become an increasingly critical and regulated function. Continuous Customer Due Diligence (CDD), Know Your Customer (KYC), Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and sanctions screening…

Banks Deal with Documents, Not Performance – A Principle, Not a Loophole Understanding Article 5 of UCP 600 in Context Article 5 of UCP 600 succinctly states:“Banks deal with documents and not with goods, services or performance to which the documents may relate.” This may appear restrictive at first glance, but in reality, it represents…

Overcoming Challenges in CDCS Preparation for Working Professionals CDCS Training in Malaysia | Dubai | Singapore | China | Hong Kong | Egypt | Worldwide The Certificate for Documentary Credit Specialists (CDCS) is a globally recognized qualification awarded by the London Institute of Banking and Finance (LIBF) and supported by the International Chamber of Commerce…

Documents Acceptable as Presented: Unresolved Ambiguities in ISBP A19-g Author: Adv. Balaji KAS Objective: To highlight a long-standing concern arising from the interpretation of the expression “Documents acceptable as presented” under Paragraph A19-g of both ISBP 745 and ISBP 821, which remains unresolved since its introduction. Introduction: The expression “Documents acceptable as presented” is interpreted…

Delivery of Goods at Destination Letter of Indemnity(LOI) | Shipping Guarantee(SG) | Delivery Order(DO) Goods are released to the consignee at the destination based on the mode of transport, the nature of the underlying transport document, and applicable release mechanisms. The key categories include: 1. Transport Document Conferring Title to the Goods, Issued in Negotiable…

SURRENDERED BILL OF LADING | Our view of ICC Draft opinion TA949 Background: The ICC Banking Commission met on 17th February 2025 in Dubai to discuss and approve draft opinion TA949 on the “Surrendered Bill of Lading.” Out of the 28 comments received from various ICC National Committees, only 15 were in agreement with the…

Trade Finance Interview Questions | Succeed with confidence Payment methods: Open Account: The seller supplies goods, and all original shipping documents are sent directly to the buyer. The buyer makes payment at a later date, as per the contract. This method carries high risk for the seller. Advance Payment: The buyer makes payment to the…

Frequently asked questions about CDCS Exam What is CDCS Certification? CDCS (Certificate for Documentary Credit Specialists) is a globally recognized standard of competence in documentary credit operations. It is created by the London Institute of Banking and Finance (LIBF) in collaboration with industry experts and managed in partnership with the International Chamber of Commerce (ICC)….

60 CDCS Sample Questions: Challenge Your Knowledge! CDCS SAMPLE QUESTION 1 A Documentary Credit where the value of the credit gets reinstated after utilization is known as: A. Inoperative L/C      B. Revolving L/C C. Red Clause L/C  D. Green Clause L/C  CDCS SAMPLE QUESTION 2 L/c requires shipment to be effected “On or about 25th of Dec 2008. 25th…