Skip to main content
US$150

Introduction to Documentary Collections

Get a practical overview of documentary collections including the process and key rules involved

Learning Objectives

By the end of this letter of credit course you will be able to:

1

Differentiate between a documentary collection and a documentary credit.

2

Describe the process flow of a documentary collection.

3

Understand the essential ICC rules governing the documentary collections.

4

Describe the risks for both D/P and D/A documentary collections.

5

Describe the various types of shipping documents used.

6

Describe the bank’s role within a documentary collection and their obligations

Access: 12 months
Duration: 3 hours
Credits/CPDS: 3 Points
Cert: Downloadable ICC certificate
Parent certificate: GTC
Language: English

Course curriculum

Lessons

Lesson 1: General Overview

In this lesson, you will learn what a documentary collection is and the basic process flow associated with it is. We will also explore the difference between Documents against Payment (D/P) and Documents against Acceptance (D/A).

Lesson 2: Shipping Documents

In this lesson, we will learn about the various types of shipping documents used in the documentary collection process, the key rules governing their operation, and what role the the ICC Incoterms® rules play.

 

Lesson 3: Documentary Collection Financing

In this lesson, we will cover documentary collection financing and the benefits it brings. This lesson also includes a complimentary video lesson by a leading ICC industry expert.

 

Lesson 4: Case study

In this section, we will take a look at a sample case study that shows how trade finance solutions can remedy problems often seen in the trade sector.

 

Lesson 5: Assessment

This section will test your knowledge on what you have learned so far and aims to equip you with the skills and context you will need in the field. Please note this is not an exam.

 

Accredited by
Introduction to Documentary Collections - eCourse

FAQs

Answers to your most commonly asked questions.

 

 

Do I get a certificate?

This course forms part of the curriculum for the Global Trade Certificate (GTC) but can also be purchased on its own.

If you just complete this course then you will earn a Letter of Completion once you finish (please note there is no exam for this individual course).

However, this course can also be put towards achieving the GTC qualification. More details can be found here.

If you complete the GTC then you will earn a Certificate of Achievement, signed by the ICC Secretary General, once you pass the final exam.

Are there any prerequisites for taking this course?

A strong interest in trade and trade finance is recommended and all candidates need to be able to read and write in English.

How long do I have access to the course for?

Your purchase includes 12 months to access all the lessons. You can access the lessons as many times as you like within the 12-month access period.

Who is this course accredited by?

This course is accredited by the London Institute of Banking and Finance (LIBF), The Bankers Association for Finance and Trade (BAFT) and the Global Trade Professionals Alliance (GTPA).

Can I request a refund for my purchase?

Due to the immediate availability of our course content upon registration, ICC Academy has a strict no-refund policy for our courses and certifications. For more details, please refer to our Terms and Conditions.

How long will it take to complete this course?

This online course will take approximately 3-4 hours to complete depending on your level of experience.

Candidates will have 12 months to complete the lessons.

What's included with my purchase?
  • One-year access to the online course and all 5 lessons
  • A case study and 12 assessment questions – we’ll show you how to apply what you learn to real-world scenarios. Please note this is not an exam.
  • Nine animated explainer videos and 1 video lecture
  • A printable glossary containing all the key terms for you to refer to throughout the course
  • A downloadable study reference guide
  • Dedicated, full-time IT support
  • Certificate of completion
Is the course online?

Yes, all our courses are taken online. This means they are accessible at any time, from anywhere in the world. Learn when and where you want.

Who is this course for?

This course has been designed for general practitioners working in banks, corporates, or financial institutions in functions such as relationship management, credit and compliance, but with an interest in trade finance.

You may also be interested in

Certified Trade Finance Professional (CTFP)

ICC’s advanced, wide-ranging trade finance certification. Authored by 11 experts from the ICC Banking Commission.

Global Trade Certificate (GTC)

Kick-start your trade finance career with ICC’s foundational trade finance certification. Choose 9 courses from the GTC curriculum to develop a well-rounded skillset.

Uniform Rules for Documentary Credits (UCP 600)

The latest edition of the Uniform Customs and Practice for Documentary Credits (UCP) - the ICC's rules on documentary credits.