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CDCS

Examination
Study notes

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Chapter 1
Objectives :
History of LC
Basic principles of a DC/LC
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History

History and fundamentals


of documentary credits

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what is covered in the exam


UCP 600
URR 725
ISBP ( ICC publication 645)
and of course ISP 98.
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ANATOMY OF A TRADE
SELLER

MONEY FLOW

GOODS FLOW
BUYER

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TRADE FACILITATION
SELLER
APPLIES FOR A
DOCUMENTARY CREDIT
PROVIDES A
DOCUMENTRARY
CREDIT

BUYER

RECOVERS MONEY
PAID

RELEASES THE
DOCUMENTS
RECEIVED

BANKER

HONORS THE
CREDIT

SUBMITES DOCUMENTS
REQUESTED IN CREDIT

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Roles of Bankers
Issuing Bank
Advising Bank
Nominated Bank
Confirming Bank
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UCP 600
Article 2
Defines various terms used in the Rules.
Negotiation
Honor
Credit.
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