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CDCS study materials-Refusing documents

CDCS study materials-Refusing documents Refusing documents Chapter-18 18.1 Handling discrepant documents Once examination has been completed and after taking account of any regulatory or legislative requirements, a document examiner will decide whether or not the documents comply. If the documents comply, the document examiner will take up the documents and arrange a settlement. […]

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Examining-insurance-documents-1

Examining insurance documents

Examining insurance documents Chapter-15 Examining insurance documents Learning objectives This chapter highlights the requirements when examining documents such as insurance documents or financial, commercial and official documents. By the end of this chapter, you should be able to: ◆◆ understand the key examination criteria for insurance, financial, commercial and other […]

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CDCS study materials-Honour or negotiation

CDCS study materials-Honour or negotiation Chapter-17 Learning objectives This chapter provides an overview of the concept of honour and negotiation. By the end of this chapter, you should be able to: ◆◆ explain the different settlement terms; ◆◆ understand settlement flows; ◆◆ explain the terms ‘honour’, ‘negotiation’ and ‘prepay and […]

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CDCS-Training-Materials-Examining-transport-documents

CDCS Training Materials-Examining transport documents

CDCS Training Materials-Examining transport documents Chapter 14 Examining transport documents Learning objectives This chapter highlights the requirements when examining transport documents. By the end of this chapter, you should be able to: ◆◆ understand the key examination criteria for transport documents; ◆◆ identify the different characteristics of transport documents; and […]

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Issuing-a-documentary-credit-1

Issuing a documentary credit

Issuing a documentary credit Learning objectives:  In the context of this chapter, the words ‘customer’ and ‘applicant’  are interchangeable and reflect the status pre-issuance (customer) and post-issuance (applicant). This chapter describes the process performed by a bank from the time of its receipt of an application form, as completed by […]

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Essential-elements-of-a-sales-contract

Essential elements of a sales contract

Essential elements of a sales contract Essential elements of a sales contract 5.1 Introduction The most basic agreement in international trade is the sales contract concluded between a seller and a buyer. This is often referred to as a ‘sales agreement’, an ‘export contract’ or a ‘foreign sales agreement’. For the purpose […]

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CDCS Training materials-Examining documents

CDCS Training materials-Examining documents Introduction To develop an understanding of what is considered to represent international standard banking practice in the examination of documents, the ICC Banking Commission published the ISBP, first in 2003 (ISBP 645), then in an updated form in 2007 (ISBP 681), and in a revised form […]

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Pre-issuance considerations and requirements

Pre-issuance considerations and requirements

Documentary credit-Pre-issuance considerations and requirements Pre-issuance considerations and requirements A documentary credit as the chosen method of settlement One of the key decisions to be made when a seller and buyer negotiate a sale contract is the selection of the terms of payment. When a documentary credit is chosen, both […]

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