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Двудневен практически семинар на ICC Bulgaria: Documentary Credits and Demand Guarantees in international standard practice as per ICC Rules

От 04 Юни 2015 до 05 Юни 2015

Място на провеждане

ICC Bulgaria, ул. Хан Аспарух 8


Documentary Credits

The seminar has been developed to be very practical workshop on international best practices in documentary credits, explaining provisions of UCP 600 and ISBP 745 – the ICC rules for Documentary Credits, so anybody in the field, especially practitioners would benefit from it.

The workshop will focus on new developments in international documentary credits with particular emphasize on implementation of UCP 600 – ICC Rules for documentary credits.

Demand Guarantees as per ICC Rules URDG 758

The workshop will also focus on new developments in international bank guantees with particular emphasize on implementation of URDG 758 – ICC Rules for demand guarantees.

Significant time will be devoted to operational issues, practical case studies, examples and open discussions on the topics covered.

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

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







Participants will get the new edition of the best selling book "Examination of documents under documentary credits" by Pavel Andrle, included in the course fee. More information about the book can be found here.



Documentary Credits

08:30 –  09:00    Registration

09:00 – 09:05     Welcome -  representative of the hosting organization

09:05 – 10:30        Questions and Answers: Documentary Credits: Operational issues
•    Issuance
•    Advising
•    Confirmation
•    Refusal of documents

10:30 - 10:50        Tea/Coffee Break

10:50 - 12:00       Questions and Answers: Examination of documents
•    Examination of commercial documents
•    Examination of transport documents
•    Examination of insurance documents

12:00 - 12:45        Refreshments/Lunch

12:45 – 14:00    Documentary Credits – Examination of documents as per UCP 600 and ISBP 745
o    Advanced Case Study – Examination of presentation of documents
o    Discussion

14:00 – 14:15        Tea/Coffee Break

14:15 - 15:30       Documentary Credits – Recent ICC Opinions, examples
o    Recent ICC Banking Commission Opinions, cases
o    Discussion

15:30 – 15:45        Tea/Coffee Break

15:45 - 17:00       Questions and Answers: Documentary Credit Operations
•    Cases
•    Examples
•    Debates


Demand Guarantees

09:00 – 10:30        Questions and Answers: What is a demand guarantee?
•    The independence of the demand guarantee
•    What is a counter-guarantee?
•    Demand guarantees and standby letters of credit rules
•    The contractual nature of the URDG and its practical consequences
•    Using the URDG 758: advantages to all parties
•    The UCP and demand guarantees

10:30 - 10:50        Tea/Coffee Break

10:50 - 12:00       Questions and Answers: Drafting a demand guarantee
•    Drafting a demand guarantee without incorporating URDG
•    Issuing a demand guarantee
•    Advising of guarantee

12:00 - 12:45        Refreshments/Lunch

12:45 – 14:00        Questions and Answers: Amending a demand guarantee
•    When is an amendment binding?
•    Amendment of amount of guarantee
•    Transfer of guarantees
•    Assignment of proceeds as distinguished from transfer

14:00 – 14:15        Tea/Coffee Break

14:15 - 15:30       Questions and Answers: Presentations under demand guarantees
•    Making a presentation, Incomplete presentation
•    Electronic presentations, Language of presented documents
•    Statement of breach in Article 15(a) of URDG
•    Partial demand and multiple demands – rejection of demand

            Questions and Answers: Examination of presentations
•    Definition of ‘complying presentation’ in the URDG
•    International standard demand guarantee practice
•    Non-documentary conditions
•    Complying demands and excessive demands
•    Standard of care of examination
•    Time for examination of a demand
•    Non-complying demand

15:30 – 15:45        Tea/Coffee Break

15:45 - 17:00       Questions and Answers: Payment
•    Payment requirements
•    Place for payment, Transmission of copies of complying demands
•    Currency of payment issues, Extend or pay

Questions and Answers: Termination of guarantees
•    Force majeure, Fraud

Основни лектори и панелисти

Mr. Andrle 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 has been also closely involved in revision of URDG 758. He chaired the working group of ICC Czech Republic which translated the URDG 758 rules into Czech language. Nowadays, he is a member of ICC Task Force on Guarantees, also a member of the new ICC Banking Commission Consulting group for Forfaiting (developing the new ICC rules for Forfaiting), and  a member of the ICC Banking Commission Consulting group for Rules on BPO. 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. 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 Instititut Vysoka, 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 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, South Africa, Nigeria, Poland, Serbia, Bulgaria, Slovakia, U.K.,  Ireland, Lithuania, Latvia, Malta, Georgia, Turkey, Russia, Mongolia, Uzbekistan, Azerbaijan, Trinidad and Tobago, etc. 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 by ICC CR (in English language).

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, carrier, insurance companies and traders.  It includes advisory services and in-house technical assistance in banks and companies.

DOCDEX Expert of ICC Centre for Expertise with ICC International Arbitration Court, ICC Paris, arbitrator with Vilnius Arbitration Court, Lithuania. He is active trainer under Global Trade Finance programme of IFC (International Finance Corporation – a member of World Bank Group). Mr. Andrle is the lead tutor in the Finance of International Trade with the electronic Business School International. 


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