WTC Mumbai organized a one day management Development programme on “Export Finance” on 10th May 2016. This programme was organized as a prelude to our regular course on “Foreign Trade”. WTI senior faculty Mr.Eknath Birari took the session with the support of live case studies. He covered the topics on the following three angles: RBI Guidelines on Export Finance, how to obtain export finance from bankers and how to mitigate Risks in Export. Such as: Credit Risk, Currency Risk, Country Risk, Market Risk and Operational Risk. Mr.Birari emphasised the participants the fact that payment in international trade is always made on the basis of documents & not on the basis of goods. The documents are mainly ‘Order Documents’ and “LC Documents”. He warned that discrepancies in the documents will adversely affect the seller. This he substantiated with live case studies. It is very important to have the knowledge of URC for collection documents, knowledge of UCPDC for LC documents and knowledge of ISBP for scrutiny of LC documents and to defend discrepant documents. Mr.Birari took some case studies to elaborate the above aspects. Active interaction with the participants on each and every aspect during his presentation made the session very interesting and thought provoking.
Earlier Mr.A.O.Kuruvila, Advisor-Trade & Education while welcoming the participants gave a brief account of the WTC concept and also about the services offered by WTC Mumbai and highlighted the courses conducted by the institute. Mr.Arun Sehgal, one of the senior faculty of the Institute, who also was a participant shared few thoughts on the importance of updating the market environment and changing scenario in international trade and encouraged the participants to join the WTI courses to enhance their skills. 30 participants attended the programme.