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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

We, as the issuing bank, requested the below document, under field 46A. “Insurance policy/certificate for 10.00 percent above CIF value payable to the order of Sampath bank PLC, covering institute cargo clauses (a), institute war clauses (cargo), institute strike clauses (cargo), transshipment risks marked premium paid claims payable in Colombo irrespective of percentage.” Insurance certificate is presented containing below wording on the face side of the document. “The settlement of loss and damage will be effected, unless otherwise provided, through the intermediary of Marsh SA/NV to whom all documents are to be forwarded for this purpose, and will collect the indemnity under deduction of a commission of one percent” Also, it indicates the LC conditions as a mirror image as follows under the heading of "letter of credit conditions" whereas insurance conditions are incorporated separately in the certificate: "covering institute cargo clauses (A), institute war clauses (cargo), institute strike clauses (cargo), transshipment risks marked premium paid claims payable in Colombo irrespective of percentage" Having considered the above clauses, we have quoted below discrepancies. 1) Insurance policy indicates a deductible of 1 pct instead of irrespective of percentage. 2) Insurance not marked premium paid Beneficiary’s bank disagrees with our discrepancy and raised below argument: “Insurance policy/certificate does not indicate a deductible of 1 pct irrespective of percentage on the face of the document and banks will not examine terms and condition in insurance document as per ISBP paragraph K22 and marked as premium paid under the LC conditions. Considering above, may we have your opinion on the discrepancy quoted by us and the counter argument raised by the beneficiary’s bank.