CDCS Qualification Unit 1 – Principles and Practices of Documentary Credit Transactions (PDT)

CDCS Qualification

Unit 1 – Principles and Practices of Documentary Credit Transactions (PDT)

 

A description of Unit 1 (PDT) that provides detail on syllabus content, learning outcomes and assessment criteria, and specific unit level descriptors.


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Principles and Practices of Documentary Credit Transactions (unit 1):

Unit narrative

 

This unit highlights the importance of rules, standards and guidelines for documentary credit transactions and the products available to assist these transactions. You will be introduced to documentary credit transactions by focusing on the types, products and processes used in documentary credit transactions. You will gain an appreciation of the commonly used documents and trade terms. You will understand the roles, obligations and relationships between parties to documentary credits and be able to manage documentary credit transactions and the relationship between parties to the transactions. The unit will also cover how the rules and guidelines can be breached, the implications of such breaches, the risks involved in documentary credit transactions and how to manage those risks.

 

 

Studying PDT you will need to apply the knowledge gained to practical exercises designed to test your ability to check the accuracy of documents to enable their correct usage in documentary credit transactions.

 

 

Unit profile

 

Unit title

Unit 1: Principles and Practices of Documentary Credit Transactions (PDT)

 

 

Ofqual unit reference

K/506/0499

number

 

Unit level

4

 

 

Unit credit value

30

 

 

Typical study hours

292

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CDCS CDCS Regulation CDCS (certified documentary credit specialist) CDCS Examination April 2018