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Advance Course on Letters of Credits



Training investment is inclusive of Meals, Resource Kit & Certificate of Completion

P 9,880.00 / person - when you register and pay on or before April 23

P 10,880.00 / person - Regular Rate


THURSDAY, MAY 23, 2024 * 9:00AM TO 5:00PM
EDSA SHANGRI-LA HOTEL, MANDALUYONG CITY, PHILIPPINES


All it takes is just one discrepancy in export letters of credit (LCs) and bills of lading (BLs) to result in non-payment. With the newly-released 2023 standards, what was previously deemed a discrepancy may now be considered invalid.

Avoid costly mistakes by understanding the Uniform Customs Practice or UCP 600 and the new International Standard Banking Practices or ISBP 821. The ICC Banking Commission released the latest ISBP on July 1, 2023 to supplement and clarify the UCP 600 further, detailing key principles of document preparation and rules for the examination of documents.

In this one-day training, our Singapore-based expert will emphasize the critical nature of avoiding discrepancies; proper usage of dates and abbreviations; authentication of corrections and alterations; balance between the title and content of documents; various types of invoices and many more!

Join us for a case-based, interactive and highly practical learning event that delves into the core of ICC Documentation



Course Director & Lecturer



Mr. Victor Tan, MBA (Strathclyde), ACIB, MInstAM


He is an authority in the field of trading and banking with 15 years of banking experience covering the areas of international trade finance, remittances, guarantees, and import and export. He has worked with various international banks since 1977 starting with Standard Chartered Bank, Amsterdam-Rotterdam Bank, Bangkok Bank, Royal Trust Merchant Bank and lastly, Barclays Bank, where he was Deputy Head, Trade Finance.

Since 1992 he has been conducting highly-specialized training in Jakarta, Bangkok and Singapore. He also holds a Master of Business Administration degree from the University of Strathclyde, UK and is a qualified Life Associate Member of the Chartered Institute of Bankers, London. 

Who Should Attend?


  • Businessmen & Decision-Makers

  • Importers & Exporters

  • Traders & Freight Forwarders

  • Transporters/ Non-Life Insurers

  • Bankers & Loan Officers

  • Lawyers & Business Consultants

  • CFOs, Treasury & Accounting Officers

  • Credit Analysts & Credit Control Officers

  • Anyone involved in customer service, order processing, A/C receivables, shipping & logistics, procurement, sales & marketing, sales contract negotiations

  • Those into & planning to be in the import-export business

Course Outline

 

  1. General Principles
  2. Transport Documents
  3. Multimodal or combined transport document
  4. Bill of lading transport document
  5. Non-negotiable sea waybill transport document
  6. Charter party bill of lading transport document
  7. Air Transport document
  8. Road, Rail or Inland Waterway transport documents
  9. Other Documents
  10. Drafts and calculation of maturity date
  11. Invoices
  12. Insurance documents and coverage
  13. Certificate of Origin
  14. Packing list
  15. Weight list
  16. Beneficiary certificate
  17. Non-negotiable sea waybills
  18. Analysis, Inspection, Health, Phytosanitary, Quantity and Quality certificates

  

Attend this training and learn the answers to the following questions:

 

  • Documents comply, goods differ. Can the buyer sue the banks?
  • BL is genuine but goods differ. Can the buyer sue the carrier?
  • LC charges not recoverable from seller - who must pay? Even though buyer's LC states that charges are for seller's a/c.
  • Minor typo errors, misspelling - can Issuing bank reject payment?
  • Title of document vs. data content, which is more important?
  • What is considered an original document?
  • Shipment of additional merchandise not stated in LC - allowed or not allowed?
  • All shipping documents must show LC No. Must the invoice and packing show the LC No.?
  • Must a document be rubber stamped?
  • Title of invoice - commercial, final, pro-forma, customs, are they all acceptable under LC?
  • Corrections & alterations on documents - must they be authenticated?
  • Misspelling & typographical errors - is this a discrepancy?
  • Inconsistencies in documents - are these discrepancies?
  • Drafts (bills of exchange) - words & figures differ, which will be taken as the amount demanded?
  • Shipping documents - what do they refer to?
  • Title of documents vs. data content - which is more important?


Attendees from the government are exempted from the P2,000.00 limit set by COA for attending training provided by the private sector based on Department of Budget and Management Circular No. 563 dated April 22, 2016.

Attending this training is not covered by Philippine Procurement Law or RA 9184 based on its Revised IRR’s Section 4.5-b. which classifies training continuing education, conferences and similar activities as "non-procurement activities that shall be governed by applicable COA, CSC, and DBM rules".
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Contact Details

Contact Person: Micah Lara Jalos
Mobile Number 09399148689
Telefax: (+632) 8842-7148 or 59
Email: micah.cgbp@yahoo.com

Account Name: Center for Global Best Practices Foundation, Inc.

Metrobank: 495-3-495-504-418
Unionbank: 0013-3002-7702
PNB: 1477-7000-0961
Landbank: 3832-1015-82

Address

Unit 905 Richville Corporate Tower
1107 Alabang-Zapote Road
Madrigal Business Park
Muntinlupa City, 1780, Philippines

Contact Us

(+63 2) 8556-8968 (+63 2) 8556-8969 (+63 2) 8842-7148 (+63 2) 8425-9752 (+63 2) 8842-7159 cgbp.info@gmail.com

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