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                                                            CGBP           third run               
in collaboration with

International Chamber of Commerce

presents

Tuesday & Wednesday, 18 & 19 NOVEMBER 2014 * 9:00AM to 5:00PM
EDSA SHANGRI-LA HOTEL, MANDALUYONG CITY, PHILIPPINES
If you are involved in negotiations and transactions in PPP investment projects, international trade (Import & Export), and project finance structures, it’s a must that you understand the use of Bank Guarantees and Standby Letters of Credit (SBLC as differentiated from LC).

Listen to the official interpretation from the International Chamber of Commerce (ICC) on how to apply the revised rules on guarantee and standby letter of credit practice with focus on practical usage of these instruments, new definitions and many examples to highlight right practices vs. contentious errors and common pitfalls to avoid. We will provide you with a step-by-step approach to let you understand everything with clarity and precision. You will learn about the main differences between standbys and guarantees and how to implement and interpret these ICC rules in your everyday business transactions.

This two-day comprehensive program will feature the Uniform Rules for Forfaiting 800, Uniform Rules on Bank Payment Obligations & Uniform Rules on Demand Guarantees 758 which is adopted globally by all countries that you will need to learn for your business transactions. Attend and we will give you best practices advice, present you with solutions, and provide you a comprehensive checklist of drafting recommendations and ready-to-use model forms for maximum learning.

   Who Should Attend:
   • Business Owners who need to use
     bank guarantees and Standby LCs
     in their business and trade
     transactions
   • Exporters / Importers who use
     bank guarantees and standby LC for
     their import / export
   • Bankers with responsibility for trade
     finance & guarantees
   • Banks' in-house legal counsels
     and lawyers involved in subject
     matter litigation
   • Lawyers with clients in int’l
     banking, trading and finance
   • CFOs & Treasurers who handle
     bank guarantees & oversee import/
     export and trade transactions
   • Professionals negotiating for
     procurement of supplies and
     installation contracts
Mr. Pavel Andrle Lecturer: Mr. Pavel Andrle is a Secretary to the Banking Commission of ICC Czech Republic which he regularly represents at the ICC Banking Commission meetings abroad. He is author of the publication “Documentary Credits – a Practical Guide (2013 Ed.)”

• He has been deeply involved in the revision of UCP as a member of UCP 600 Consulting group. He has been closely involved in revision of URDG 758. Presently, 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).

• Mr. Pavel Andrle is an ICC trade finance lecturer in Poland, Albania, Slovakia, Ireland, Lithuania, Latvia, Bulgaria, Georgia, Greece, Turkey, Russia, Mongolia, Uzbekistan, Azerbaijan, China, Singapore, Cambodia, Vietnam, India, Sri Lanka, Bangladesh, Sierra Leone, Zambia, Uganda, South Africa, Nigeria, Malta, Trinidad and Tobago and Dominican Republic.

• DOCDEX Expert of ICC Centre for Expertise with ICC International Arbitration Court, ICC Paris. He is an active trainer under Global Trade Finance programme of IFC (International Finance Corporation).

   
   Limited Seats Only, Pre-Registration Required

   REGISTER NOW
   Avail of Early Bird and
   Group DISCOUNTS


   Seminar Investment is P14,980 or
   U$340
inclusive of Meals, Resource Kit & Certificate of Attendance

   Contact Person: Ivana Villanueva
   Manila lines (+632) 556-8968 or 69
   Manila Telefax (+632) 842-7148 or 59
   Cebu lines (+63 32) 512-3106 or 07
    Email: ivana@cgbp.org
    Check: http://www.cgbp.org

Business World Online International Chamber of Commerce Tri-ISys Forbes College



REVISED ICC RULES ON
BANK GUARANTEES & STANDBY LETTERS OF CREDIT

FOR BANKERS, IMPORTERS, EXPORTERS, INVESTORS & LAWYERS

Featuring Uniform Rules for Forfaiting 800, Uniform Rules on Bank Payment Obligations &
Uniform Rules on Demand Guarantees 758


EDSA SHANGRI-LA HOTEL, MANDALUYONG CITY, PHILIPPINES
Tuesday & Wednesday, 9:00am to 5:00pm, November 18 & 19, 2014


Course Outline

Day One, 18 November 2014

Topic: Bank Guarantees and Standby L/C with Focus on Practical Usage
of Independent Banking Security Undertakings

Practical seminar on bank guarantees and standby letters of credit – the relevant ICC rules in particular. Workshop will focus on practical usage of these banking instruments and main issues.

Topics:
Introduction of Bank Guarantees and Standby Letters of Credit:

                  o Main issues in bank guarantee operations from practical point of view:
                                o Wording,
                                o Claims,
                                o Extend or Pay claims;
                                o Examination of presentations
                  o Practical examples, common mistakes in practice asnd how to avoid them

The new URDG 758 – Rules for independent bank guarantees in practice

                  o Application of the Rules
                  o Direct v. Indirect Guarantee – Guarantee and Counter-Guarantee
                  o Issuance of bank guarantees, content of the instructions and guarantees,
                  o Advising of guarantees, Amendments, Liability of the Guarantor,
                  o Demands under the URDG 758 guarantee, Extend or Pay claims,
                  o Examination of demands and documents, Transfer v. Assignment
                  o Transfer under URDG 758, Assignment under URDG 758
                  o Disclaimers, Governing Law and Jurisdiction
                  o Other questions, debates

Standby Letters of Credit according to UCP 600 & ISP 98

                  o Standby Letters of Credit:
                  o Main characteristics
                  o Main difference between commercial and standby letter of credit, Cycle, main stages
                  o Standby Letters of Credit under UCP 600
                  o Standby Letters of Credit under ISP98
                  o Standby L/C under UCP 600 and ISP 98 – side by side comparison
                  o ICC Banking Commission Opinions related to Standbys and Guarantees
                  o Standby Letter of Credit or Bank Guarantee?


Day Two, 19 November 2014

Topic: URF 800 (Uniform Rules for Forfaiting),
URBPO (Uniform Rules for Bank Payment Obligations)

Topics:
New ICC – IFA Rules for Forfaiting

                  o How forfaiting operates
                  o Main rules: URF 800
                  o Primary and secondary markets
                  o Master Agreements and how to use them
                  o Main issues in forfaiting operations
                  o Discussion

New ICC Rules on Bank Payment Obligations - BPO

                  o Open account assisted by banks
                  o How BPO operates
                  o Use of BPO in practice, products
                  o Debates


ICC Uniform Rules on Demand Guarantees
The revision of ICC Uniform Rules for Demand Guarantees (URDG 758) creates a new set of independent guarantee rules for the twenty-first century. The new URDG are clearer, more precise and more comprehensive than their predecessor, URDG 458.

ICC Uniform Rules for Forfaiting - URF 800
The value of the forfaiting market is estimated at more than 300 billion USD annually. Created by experts for experts, URF 800 contains best practice, clear definitions and practical model agreements for anyone involved in forfaiting transactions.

Uniform Rules on Bank Payment Obligations – URBPO
Bank Payment Obligations enable banks to mitigate the risks associated with international trade to the benefit of both buyers and sellers. They enable flexible financing propositions across the supply chain, from pre-shipment to post-shipment. The world’s first rules on BPOs will help harmonizing Supply Chain Finance practices and foster better understanding of those innovative practices.

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SEMINAR FEE PER PERSON: P14,980 or U$340 (Fee covers Meals, Resource Kit, Certificate of Attendance)

GET AS MUCH AS 15% DISCOUNT! AVAIL OF ANY OR ALL OF THE FOLLOWING:

Less 5% for early registrants (on registrations made on or before October 18, 2014)
Less 5% for early payment (if made on or before November 8, 2014)
Less 5% for group registration (minimum of 3 participants)

REGISTER NOW to avail of Early Bird and Group DISCOUNTS
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Share |
Download: Flyer - Black&White (.PDF 475kb)
                         Course Outline (.PDF 334kb)