On-Line Training

On-Line Training Service - www.tradefinance.training

Gary Collyer (Collyer Consulting Global Ltd) and David Meynell (TradeLC Advisory) are pleased to bring to your attention our on-line trade finance training facility.

In our worldwide travels, it became increasingly apparent that banks and trainees were looking for a more focused, flexible and, more importantly, reasonably priced approach to training.

To meet these goals, Gary and Dave spent considerable time designing, structuring and commissioning a bespoke training platform, with the sole aim of providing a new and exciting concept in the delivery of on-line training.

Our training modules broke new ground by being designed to be mainly of 60-90 minutes duration. This means each module is highly focused on a specific topic or aspect of a trade finance product. As a result, only the appropriate modules need be purchased when a gap in the knowledge base of an individual has been identified. No more buying a complete package to obtain the segment that is required.

This kind of timeframe also allows trainees to undertake the training at a time that is convenient to them and their organisation e.g., before work, at lunchtime, or after work, in fact during any spare time. Training can commence on, for example, a PC and be completed on an iPad (or vice-versa).

Our training platform provides trainees with access to modules covering a multitude of topics, ranging from those that are relative to the role currently being performed, to those that will relate to a role to which an individual may transition in the future, or topics that are purely of general interest.

Our CDCS ® and CITF ® modules are designed to supplement the information contained in the syllabus books that are provided by LIBF and BAFT as part of the enrolment to the respective examination. Our CITF modules have been updated to reflect the new syllabus publication that accompanies the examination from 2019.

A further feature of our on-line training is an assessment that is available for most topics. The assessment can be taken a number of times, as decided by the organisation. Our default is 3 attempts. The assessment can be timed, is subject to a default pass mark (70%), and can be subject to being taken in a single sitting. The CDCS ® and CITF ® multiple-choice assessments follow the same structure as the actual examination.

For most of the modules, CPD's will be earned for the completion of each topic on the basis of 1 per hour of tuition. Please note that an assessment cannot be purchased without the purchase of at least one module to which it relates.

The modules are written exclusively by Gary and Dave, based on their extensive involvement in the development of rules and practices relating to all the topics that are covered.

Recognising that the training budgets of organisations and individuals are not bottomless, the pricing is set at what we believe to be the lowest on the market. Most modules are priced at £25 or less, and assessments priced likewise, with discounted pricing for volume purchases of modules and assessments. We believe that our offering provides the perfect balance between quality and cost that organisations and individuals have been seeking.

It is worth mentioning that this is not just a simple platform for viewing training material. The website is also an information channel with latest news items, copies of documents and informative articles (ncluding blogs) plus a vehicle for trainees to post any question that they may have, not just those that may relate to the module(s) purchased in their name. Trainees also have access to questions posed by other trainees, all of which are posted anonymously.

An exciting feature of our platform is that we can offer organisations a service offered by no other on-line training provider - bespoke modules. These can be of similar duration, and be available at the same pricing as our standard modules! With our offering, there is no concept of "one size fits all". We are totally dedicated to meeting the individual needs of each and every organisation. Bespoke modules can be specific to a particular organisation (you provide the outline and scope, and we provide the content) or it may simply be an amalgamation of some aspects of our existing modules. Any bespoke modules will remain exclusively for that organisation and the trainees that are signed up in their name.

This platform is available at www.tradefinance.training and is compatible with browsers such as Chrome, Firefox or Safari.

We hope that this offering will be of interest to you and look forward to working with you. In the meantime, please find below a link to a brochure that gives a more in-depth overview of the website and the training we are offering.

Brochure.pdf

 

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Latest Question

A credit stipulates that invoice, packing list and full set of original bills of lading made out to order and blank endorsed marked freight prepaid and notifying applicant are required to be presented. Upon checking the presented documents, the issuing bank refused them due to the discrepancy: copy instead of full set of original bill of lading presented. The presenting bank then sent the full set of original bills of lading to the issuing bank within the presentation period (the content of the original bill of lading remain unchanged). The issuing bank then refused again due to the following 3 new discrepancies: Late shipment Bill of lading:  showing gross weight differ from packing list not showing carrier’s name The presenting bank argued that the 3 new discrepancies existed in the previous presentation, the issuing bank should have raised them in the first refusal advice. In the FIRST refusal notice, the only discrepancy raised by the issuing bank is that ‘copy’ instead of ‘original ‘bill of lading presented (which means except originality of the bill of lading, all other aspects of the documents are in order) and since the full set of original bills of lading are now presented to the issuing bank in time, the issuing bank cannot refuse the documents due to the discrepancies that already existed in the previous presentation. Question : 1. Must the issuing bank list other discrepancies on the photocopy of the bill of lading (discrepancies such as late shipment, gross weight differ, not showing carrier’s name, which can clearly be identified from the photocopy of the bill of lading), in addition to ‘copy instead of full set of original bill of lading presented‘? in above case, is the second refusal advice valid or not? 2.If in the FIRST refusal advice, the discrepancy is described as ‘full set of original bills of lading not presented‘, then under the above case, can the issuing bank still have the right to refuse for the 3 new discrepancies the second time? That is to say, will the consequence be different if the issuing bank uses ‘copy instead of full set of original bills of lading presented‘ or ‘full set of original bill of lading not presented’ when refusing for the first time? 3. For this case, in order to avoid any dispute, which is the better way for the issuing bank to describe the discrepancies when refusing the FIRST time? Option 1: Copy instead of full set of original bill of lading presented. Option 2 : Late shipment Bill of lading:  copy instead of full set of original bill of lading presented. showing gross weight differ from packing list not showing carrier’s name Option 3 : Full set of original bill of lading not presented Option 4 : Late shipment Bill of lading: full set of original bill of lading not presented showing gross weight differ from packing list not showing carrier’s name