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○Lesson 01: What is a Letter of Credit?Understand the basic purpose before learning any bank language.○Lesson 02: Who is Who in an LC?Learn the buyer, seller and bank roles without memorising jargon.○Lesson 03: How an LC Moves from Start to PaymentSee the normal flow in six small steps.○Lesson 04: Sight LC vs Usance LCUnderstand when money is due and why '60 days' matters.○Lesson 05: What is an MT700?Learn what the SWIFT message is and what it is not.○Lesson 06: Dates, Shipment and ExpiryLearn which dates can stop a good deal from becoming a good presentation.○Lesson 07: Documents Required — Field 46AUnderstand why a large LC can still be hard to use.○Lesson 08: Bill of Lading and Other Transport DocumentsLearn why transport wording often becomes the practical heart of the LC.○Lesson 09: Presentation and Document CheckingLearn what happens after the documents reach the bank.○Lesson 10: Discrepancies and RefusalLearn what can go wrong even when the trade is real.○Lesson 11: Confirmation, Transferability and AmendmentsThree words that are often mixed together.○Lesson 12: Financeability, Negotiation and DiscountingLearn what people often mean when they say 'monetise the LC'.
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