Glossary of Key Trade Finance Terms for CDCS Aspirants Types of Documents Financial documents  Financial documents refer to documents involved in the collection of amounts or securing payments in trade transactions. These typically include cheques, promissory notes, and drafts (also known as bills of exchange). These documents represent the financial obligations of one party to…

Our CDCS Online Training Curriculum | CDCS Exam Pattern Explore the Curriculum Below is a summary of the chapters, with a brief description of the content covered in each. Section A: Core Concepts 1. The Sales Contract This section provides the features of a sales contract, categorized as follows: 2. Types of Documents This section…

7 Reasons Why Charter Party Bills of Lading are Risky A Charter Party Bill of Lading (CPBL) is typically issued under a charter party agreement for bulk cargo shipments. High-volume and relatively low-value goods are usually transported through chartered ships, which is cost-effective. For bulk shipments, appropriate Incoterms include FAS, FOB, CFR, and CIF. Although…

Changes in ISBP publication 821 compared to ISBP 745 The International Standard Banking Practice (ISBP) 821, updated in 2023, introduced several key enhancements to align with UCP 600 and incorporate ICC Opinions approved since ISBP 745. Notable updates include:

Why CDCS Training is essential? The Certified Documentary Credit Specialist (CDCS) test is a globally recognized certification focusing on documentary credits. It requires a thorough understanding of key international trade practices and standards. Below is a structured guide to help aspirants prepare effectively. Key Study Areas To succeed in the CDCS exam, candidates must master…