Unit 1: Introducing key concepts

• Counterparty, commercial and political risks
• Payment types, certainty and timing
• Letters of credit

Unit 2: Different types of payment

• Prepayment
• Cash against documents or goods
• Retention of Title clause

Unit 3: Gafta contracts and other issues

• Key clauses, including payment, insolvency and circle clauses
• Amounts payable and interest
• Passing of property