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ICC Bulgaria One day seminar on Trade finance rules and practices - 05.12.2017

На 05 Декември 2017

Място на провеждане

ICC Bulgaria office, 8 "Han Asparuh" str., 1463 Sofia, Bulgaria

Описание

Trade finance rules and practices
CRITICAL ISSUES WHEN DEALING WITH DEMAND GUARANTEES & STANDBY LETTER OF CREDIT


This Seminar is a must for:
-    bankers working in trade finance, particularly in guarantees and documentary credits and foreign trade financing departments;
-    front office bank specialists, relationship managers;
-    specialists in trade finance, bank risk managers, internal auditors;
-    exporters, importers and traders;
-    carriers, freight forwarders, insurance companies;
-    lawyers, advocates, academics.


INDEPENDENT PAYMENT UNDERTAKINGS REPRESENT CHALLENGING ISSUES FOR THEIR USERS. THERE ARE MORE SETS OF RULES TO CHOOSE FROM. THERE ARE VARIOUS PRACTICES WHICH MIGHT NOT BE FULLY CAPTURED BY THE RULES. THERE ARE MANY SPECIFIC NEEDS WHICH CAN BE ONLY DEALT WITH BY EXPRESS CONDITIONS OF THE INSTRUMENT. BUT THEY NEED TO BE WRITTEN WITHIN THE PERVIEW OF THE GOVERNING RULES….THIS TRAINING IS SPECIFICALLY DESIGNED TO ADDRESS THESE CHALLENGES!
Practical seminar on international best practices in bank guarantee and standby credit fields, explaining current developments and issues related to interpretation of UCP 600 and revised ISP 98 and URDG 758 – the ICC rules for independent banking undertakings.

The speaker is author of the bestselling practical publication on “Examination of Documents under Documentary Credits”.

Venue: Sofia, Bulgaria

Time: 5 December 2017 from 9:00 a.m. to 17:00 p.m.

Material relevant to the course will be distributed and a certificate of attendance will be delivered to all those who completed the course.

Lunch and coffee breaks will be provided during the Seminar. Seminar Language – English



 

Програма

Programme of the Seminar, 5 December 2017

Topic: Bank Guarantees as per URDG 758, Standby Letters of Credit as per UCP 600 and ISP98, Questions & Answers

08:30 – 09:00    Registration

09:00 – 10:30     ICC Rules for Demand Guarantees – URDG 758 – critical articles
•    Some articles might need to be modified, replaced by other paragraphs or even excluded. It all depends on the position of the bank: guarantor, counter-guarantor, beneficiary ….
Standby L/C: Key features
•    How Standby Letter of Credit functions in comparison with demand guarantees, similarities and differences.

10:30 – 10:50      Contact break

10:50 - 12:00    UCP 600  – critical articles: focus on Standby L/C operations 
•    What are the most problematic articles of UCP 600 when standby is issued subject to them? Compliance, force majeure, counter-standby, extend or pay, extension clauses, examination of documents.
ISP 98 – Rules specifically designed to care for standby L/C: critical articles
•    The most significant articles from the practical point of view: focus on operations, presentation and examination. Force majeure, counter-standby, time for examination, extend or pay, transferability.

12:00 - 13:00     Lunch

13:00 – 14:30    Rules for Standbys and Demand guarantees – Comparison and Assessment
•    A cross comparison with a focus on the advantages and the disadvantages of each set of rules, and advice when to use which… 
•    When it comes to standby LC: which rules fit the best your particular needs? Standby: subject to UCP 600 or ISP98: the main differences to be known to make the right decision.

14:30 - 14:50    Contact break

14:50 – 16:30    ICC Banking Commission Opinions – Case studies   
•    Most recent ICC Banking Commission Opinions and DOCDEX Cases related to Standby L/Cs, Case study: operation clauses, examination of demands under various instruments issued to different set of rules. 

16:30 – 17:00    Questions and Answers

Основни лектори и панелисти

About the Trainer:  Mr. Andrle, BSc., LL.M is a Secretary to the Banking Commission of ICC Czech Republic which he regularly represents at the ICC Banking Commission meetings abroad. He chaired the working groups of ICC CR which revised translations of UCP 500, UCP 600, eUCP, ISP98, URDG 758 and other Banking Commission documents as well as Incoterms 2010 into Czech language.

He has been deeply involved in the revision of UCP as a member of UCP 600 Consulting group being formed by over forty experts from all over the world.

He was involved in development of URBPO as a member of the ICC Banking Commission Consulting group on BPO. Nowadays, he is a member of ICC Task Force on Guarantees, also a member of the new ICC Banking Commission Consulting group for Forfaiting (which developed the new ICC rules for Forfaiting in cooperation with former IFA, today´s ITFA). In years 2010-2011 he also served as a member of the ICC Banking Commission Group of Experts which drafted the official ICC Banking Commission Opinions on ICC Rules.

Mr. Andrle worked closely with Mr. Miroslav Subert, a member of the Incoterms 2010 Drafting Group, during the revision of Incoterms and cooperated in the official translation of Incoterms 2010 into Czech language. He has delivered numerous seminars on the Incoterms 2000 and Incoterms 2010, both in Czech Republic and abroad. In October 2014, Mr. Andrle was appointed as a Secretary to the Commission on Commercial Law and Practice of ICC Czech Republic.

Mr. Pavel Andrle is an international trade and finance consultant and lecturer. He has worked for a number of leading local and international banks in various positions (for instance as trade finance specialist, head of trade finance, trade finance risk manager, in-house trainer). Frequent Lecturer in Documentary Credits, Bank Guarantees & Trade Finance for Bankovni Institut, Institute of Foreign Trade Transport & Forwarding, ICC CR and Economic Chamber of Commerce of Czech Republic. Regular facilitator in seminars abroad in English for ICC National Committees, bank associations and chambers of commerce world-wide.

Mr. Andrle has lead or participated in number of seminars held in Bangladesh, Cambodia, Vietnam, India, Sri Lanka, Nepal, China, Philippines, Singapore, Sierra Leone, Zambia, Uganda, Ghana, South Africa, Nigeria, Albania, Poland, Serbia, Bulgaria, Romania, Slovakia, U.K., Ireland, Lithuania, Latvia, Malta, Georgia, Croatia, Turkey, Russia, Mongolia, Uzbekistan, Azerbaijan, UAE, Trinidad and Tobago, Dominica, etc. (in more than 45 countries of the world). He is author of the publication „Documentary Credits – a Practical Guide“ published by Grada Publishing, a.s. (6 editions). He has written a „Commentary to UCP500 in the light of ISBP and other ICC Banking Commission documents“ and „Commentary to UCP600” published by ICC CR (all in Czech language). Recently his book on “Examination of documents under Documentary Credits” has been published in the second updated edition (in English language).

He is appointed ICC CR expert to reply to enquiries related to Documentary Credits and Trade and Structured Finance – development of technical assistance consultancy services of ICC CR to banks, carriers, insurance companies and traders.  It includes advisory services and in-house technical assistance in banks and companies.

He is frequent DOCDEX Expert of ICC Centre for Expertise with ICC International Arbitration Court, ICC Paris, also an arbitrator with Vilnius Arbitration Court, Lithuania. He has been active trainer under Global Trade Finance programme of IFC (International Finance Corporation – a member of World Bank Group). Mr. Andrle also serves at the lead tutor in the Finance of International Trade with the electronic Business School International (eBSI). Mr. Pavel Andrle can be contacted at pa@cmail.cz or andrle@icc-cr.cz

Модули

с ДДС 210.00 лв.

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