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CDCS Examination 8 April (9 April for those in China, Hong Kong, Indonesia and South Korea)

09/02/2016

Are you planning on sitting the CDCS examination this April? Still concerned about some aspects of documentary credit handling? Want to receive some additional training and take a multiple-choice assessment to gauge your learning to date?

If you answer ‘yes' to these questions, then look no further than our on-line training modules that take you through the subject matter covered by each of the 25 chapters of the syllabus book ‘Guide to Documentary Credits, 5th Edition'. Our training, which is available through our website www.tradefinance.training expands upon the content of each chapter providing invaluable supplemental learning.

Our assessment consists of 60 multiple-choice questions that are drawn randomly from our database. Trainees that purchase our CDCS modules have three attempts at the assessment as standard. You also have the ability to raise any questions that you may have relating to the documentary credit product through our question and answer section. We have 10 modules covering the 25 chapters and pricing ranges between £10 and  £25 per module.

Discounts are available for bulk purchases.

Register today at www.tradefinance.training

 


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Latest Question

A credit required: “1 COPY OF APPL'S CERTIFICATE OF CONFIRMATION OF THE AMOUNT TO BE PAID (THE REMAINING CLAIMING AMOUNT). THE REMAINING CLAIMING AMOUNT IS THE DIFFERENCE BETWEEN THE FINAL PURCHASE PRICE AMOUNT AND EIGHTY PERCENT (80%) INVOICE AMOUNT OF THE PROVISIONAL INVOICE. WITHIN FIVE (05) BUSINESS DAYS AFTER THE RECEIPT OF COPY OF FINAL INVOICE FROM THE BENEFICIARY THROUGH ELECTRONIC MAIL, THE APPLICANT SHALL SEND COPY OF APPLICANT'S CERTIFICATE OF CONFIRMATION OF DRAWING CERTIFYING THAT THE DRAWING AMOUNT IS IN ORDER. IN THE EVENT THAT APPLICANT'S CERTIFICATE OF CONFIRMATION IS NOT RECEIVED WITHIN ABOVE MENTIONED TIME, THE BENEFICIARY SHALL PRESENT 20% LC DOCUMENT AGAINST DISCHARGE PORT DOCUMENTS WITHOUT APPLICANT'S CERTIFICATE OF CONFIRMATION OF DRAWING.” Beneficiary presented their confirmation with amount to be paid being the difference between the final purchase price amount and 80% invoice amount of the provisional invoice. Can issuing bank raise a discrepancy of: 1. Certificate of confirmation not issued by the applicant as LC required or 2. Unpresentation 1 copy of applicant’s certificate of confirmation unpresentation. Because issuing bank received applicant’s confirmation that amount to be paid differs with amount to be paid by beneficiary (applicant showed deduction which is not mention under LC) plus applicant provided proof that applicant sent email to beneficiary within 5 banking days as LC required and amount to be paid. Whether or not applicant is protected by any terms or conditions of UCP, ISBP or ICC opinions,… because they presented applicant’s confirmation to beneficiary but beneficiary did not present applicant's document under their presentation?